31 March 2010
Hello everyone, m PCC student. I hv a problem in material chapter of costing. What is the meaning of Stock-Out situation? And what procedure we have to follow to solve the practicle question based on this concept?
01 April 2010
Stock- out means cost incurred to a firm when current inventory is exhausted for one or more items. Lost sales revenue costs are incurred when the firm is unable to meet current orders because of a stockout condition.
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