Describe the kinds of inventory that Wal-Mart holds. What are the costs associated with each kind of inventory?
The type of inventory that Wal-Mart holds is called Finished Goods Inventory. The cost associated with this type of inventory is the amount that the supplier has chosen to charge for each specific item. For further information on types on inventory, please see below:
Four kinds of inventories may be identified:
1. Raw materials Inventory: This consists of basic materials that have not yet been committed to production in a manufacturing firm. Raw materials that are ...