Compare and contrast the different kinds of costs

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Compare and contrast the different kinds of costs in carrying inventory and what role the inventory turnover ratio has in determining those costs. Then think about a product(s) you recently purchased-which inventory costs category is probably the largest for this product(s) and how could this category of inventory cost be reduced? Be sure to defend your answer and respond to at least 2 other student posts.

Image text transcribed for accessibility: Compare and contrast the different kinds of costs in carrying inventory and what role the inventory turnover ratio has in determining those costs. Then think about a product(s) you recently purchased-which inventory costs category is probably the largest for this product(s) and how could this category of inventory cost be reduced? Be sure to defend your answer and respond to at least 2 other student posts.

Reference no: EM1382875

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