Inventory management and manufacturing

It's important to understand how a perpetual inventory system assigns value to individual products - both those you buy, and those you make. In this video we look at:
How a Bill of Materials (BOM) works
Calculating the value of waste during production - and why tracking waste is important for accurate inventory accounting
How Cost of Goods Sold (COGS) works in manufacturing; knowing your cost of production under the weighted average cost method
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