Inventory Control Errors
Incorrect stock levels lead to overselling, wrong cost of goods, and unreliable financial reports.
Costing Methods
| Method | Calculation | Best For |
|---|---|---|
| Last Cost | Latest purchase price | Stable-price products |
| Average Cost | Weighted average | Variable-price products |
| Identified Cost | Per-lot/serial | Unique items |
| FIFO | First in, first out | Perishables |