Author Question: Managing inventories to increase net income requires companies to effectively manage costs ... (Read 34 times)

cookcarl · **on:** Mar 6, 2021

Managing inventories to increase net income requires companies to effectively manage costs associated with goods for sale.

Required:

Classify the below listed items as either Purchasing Costs, Ordering Costs, Carrying Costs, Stockout Costs, Costs of Quality, or Shrinkage Costs.

________

a.

costs of obtaining purchase approvals

________

b.

costs resulting from embezzlement by employees

________

c.

internal failure costs

________

d.

opportunity cost of the investment tied up in inventory

________

e.

costs associated with storage

________

f.

costs of lost sales as a result of not having an item requested by a customer

________

g.

freight-in charges

________

h.

special processing costs

________

i.

costs of wages for work-in-process inspections

________

j.

costs that result from misclassifications and clerical errors

Amiracle · **Reply #1 on:** Mar 6, 2021

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