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ordering inventory

Forums › ACCA Forums › DipIFR forums › ordering inventory

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by AvatarKim Smith.
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  • August 6, 2019 at 6:19 am #526359
    Avatarha12
    Member
    • Topics: 4
    • Replies: 0
    • ☆

    hello sir,
    the formula for ordering is unit produce = unit sold + closing inv – opening inv
    so what is the difference between sold and left unit?

    August 7, 2019 at 9:23 am #526519
    AvatarKim Smith
    Keymaster
    • Topics: 138
    • Replies: 8463
    • ☆☆☆☆☆

    Units sold = Opening units + purchased units – Closing units
    e.g.
    Sold 100 because opening was 10, purchases was 110 and 20 units are left in closing inventory

    If by “difference” between sold and left units you mean Units sold – Closing units this isn’t meaningful.

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