The inventory control function updates and maintains both raw materials and finished goods inventory subsidiary ledgers.

Question

Quizplus · Accepted Answer

The inventory control function is responsible for updating and maintaining both raw materials and finished goods inventory subsidiary ledgers. These ledgers provide a detailed record of all incoming and outgoing inventory items, allowing the organization to closely monitor and control its inventory levels. By accurately tracking inventory levels, the inventory control function can help to prevent stockouts and overstocking, which can lead to lost sales and increased costs.

The Inventory Control Function Updates and Maintains Both Raw Materials