会计学基础第七章答案.docVIP

Chapter 7 Reporting and Interpreting Inventories and Cost of Goods Sold ANSWERS TO QUESTIONS 1. Three goals of inventory management are to make or buy products (1) in sufficient quantities to avoid stock-outs (which could result in lost sales revenue and decreases in customer satisfaction), (2) that provide expected levels of quality, (3) at the lowest possible cost by minimizing the costs of obtaining and carrying inventory (purchasing, production, storage, spoilage, theft, obsolescence, and financing). 2. Merchandisers hold merchandise inventory, which usually is acquired in a finished cond