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State Whether the Following Statements are True or False.
Q. Usage rate is the average rate at which the inventory is drawn over a period.
  • a)
    True
  • b)
    False
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
State Whether the Following Statements are True or False.Q.Usage rate ...
Inventory usage is how much inventory a business has used over a specific time frame. It's similar to COGS, but it speaks to the number of units sold and not their monetary value. It's also called inventory consumption. That's called the inventory usage rate.
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State Whether the Following Statements are True or False.Q.Usage rate is the average rate at which the inventory is drawn over a period.a)Trueb)FalseCorrect answer is option 'A'. Can you explain this answer?
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