Diff between panned and unplanned inventory …
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Mayank Dutt 5 years, 10 months ago
- 1 answers
Test
Related Questions
Posted by Dipika Sharma 1 year, 4 months ago
- 0 answers
Posted by Mehar Ansari 1 year, 5 months ago
- 0 answers
Posted by Rijum Karlo 1 year, 4 months ago
- 0 answers
Posted by Nandita Sharma 1 year, 5 months ago
- 1 answers
Posted by Naman Jain 1 year, 4 months ago
- 1 answers
Posted by Shruti Singh 1 year, 5 months ago
- 0 answers
Posted by Niyati Garg 1 year, 4 months ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Yogita Ingle 5 years, 10 months ago
Planned inventory refers to changes in stock or inventories which has occurred in a planned way. In a situation of planned inventory accumulation the firm will plan to raise its inventories. In case of planned inventory accumulation firm has and an expected fall in sales, the firm will have unsold stock of goods which has been anticipated.
For example, if a firm has opening inventory of 1000 units and it wants to raise its inventory from 1000 to 2000 units and expects sales to be 10000 units, it will produce 11000 units, if at the end of the year it is found that the actual sales were also 10000 the firm will raise its inventory from 1000 to 2000. The closing inventory will be –
Final Inventory or Closing Inventory = Opening Inventory + Production – Sale
= 1000 + 11000 – 10000
= 2000 units
0Thank You