Inventory position is the amount of inventory on hand plus the amount
A)on order.
B)promised to customers.
C)on reserve.
D)to be returned to suppliers.

Question

Quizplus · Accepted Answer

Inventory position is the total inventory available for sale, which includes the inventory on hand and the inventory that has been ordered but has not yet arrived. Promised inventory, inventory on reserve, and inventory to be returned to suppliers are not part of the inventory position calculation.

Inventory Position Is the Amount of Inventory on Hand Plus