Answer :
Sometimes companies must estimate ending inventory. review the reasons given below for estimating inventory The store was flooded. Fire destroyed the inventory warehouse. Interim financial statements need to be prepared.
Inventory (US English) or Inventory (British English) refers to goods and materials held by a business for eventual resale, production, or use. Inventory management is a discipline primarily concerned with specifying the shape and placement of stored goods. At various points in the plant, or at many points in the supply network, it is necessary to be upstream of regular and planned production processes and material storage.
The concept of inventory, inventory, or work in progress (or work in progress) is derived by generalizing the definition as "all work within a production process - all work that is or is being performed". Expanded from manufacturing systems to service businesses and projects. It happened before the end of production.”
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