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In the scenario from question 1, no product was lost or consumed so the net balance remained the same. Why would an organization need to account for location changes of their inventory? Provide a Mathematical example to support your rationale.

Sagot :

Martebi

Organization need to account for location changes of their inventory because the control of Inventory helps them to know the amount of inventory  that they have.

What is inventory location?

An Inventory locations is known to be seen as places where inventory is said to be saved and where it is distributed.

Note that Organization need to account for location changes of their inventory because the control of Inventory helps them to know the maximum amount of profit as it is gotten from the least amount of investment in stock without influencing customer satisfaction.

Therefore, Profit = Amount of  stocks available - inventory sold.

Learn more about Inventory from

https://brainly.com/question/24868116

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