Here I have solved a numerical of ABC Analysis and shown how to use this inventory control technique practically.

This question is Illustration 8 from ICAI Study Material.

After watching this video you will be practically clear with this technique of inventory control.

⏱TIMESTAMPS
00:00 - Question - ICAI Illustration 8
02:35 - Step 1 : Total Cost and Ranking
10:10 - Step 2 : Assumption of Basis
12:08 - Step 3 : Rearrangement and Categorization

#1 ABC Analysis - Concept
https://youtu.be/UkI9ybTfzkI

Material Costing Chapter Playlist
https://youtube.com/playlist?list=PLVjZhvcpvcGrmMLJJj67l3LlAArsajFno&si=8MrBj-bJbzgAVX6q

This is for the students of B.COM, BBA, CA INTER, CMA, ACCA and any other accounting courses which has this chapter in its syllabus.

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#CostAccounting #Inventory #ManagementAccounting