_____ of inventory refers to the unit cost of the inventory.
A)Volume
B)Velocity
C)Value
D)Virtue
E)None of these answers.

Name: _____ of inventory refers to the unit cost of the inventory. A)Volume B)Velocity C)Value D)Virtue E)None of these answers.
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Question

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The value of inventory refers to the cost of the inventory, which represents the monetary worth of the total units of inventory. This value can be calculated by multiplying the cost per unit with the total number of units in inventory.

_____ of Inventory Refers to the Unit Cost of the Inventory