Inventory systems track the flow of raw materials, work in process and finished goods inventory from receipt to sale and shipment. Accountants use different methods of tracking inventory based on the ...

The perpetual inventory system has several advantages over a periodic system for businesses of all sizes. In a business using the periodic inventory method, purchases are recorded throughout the year ...

This is a preview. Log in through your library . Abstract We consider a system in which an order is placed every T periods to bring the inventory position up to the base stock S. We accept demand ...