We can track inventory accuracy by ______.
A)calculating the mean absolute deviation between the quantity shown in inventory records and the real quantity that is physically available
B)calculating the difference between production records and sales records
C)counting each unit after each manufacturing cycle
D)counting units left in inventory after the sale of each unit

Question

Quizplus · Accepted Answer

Calculating the mean absolute deviation between the quantity shown in inventory records and the real quantity that is physically available is the most accurate way to track inventory accuracy as it gives an accurate measure of the variation between recorded inventory quantities and the actual inventory quantities. The other options (B, C, and D) may not be as accurate as they either do not take into account the variation in inventory quantities or may require frequent and time-consuming counting processes.

We Can Track Inventory Accuracy by ______