Here I have explained Inventory Stock Out concept and I have solved a practical problem in a simple way.

After watching this video you will be completely clear with this concept.

This is ICAI Illustration 7 of Material Costing Chapter. ( M/s Tyrotubes )

⏱TIMESTAMPS
00:00 - Stock Out Concept
05:36 - Consequences of Stock Out
07:11 - Stock Out Cost Per Unit
08:14 - Objective
09:27 - Safety Stock
16:16 - Problem 1 - ICAI Illustration 7 - Tyrotubes
23:05 - Solution
25:00 - if Safety Stock = 100
27:46 - if Safety Stock = 80
32:06 - if Safety Stock = 50
35:45 - if Safety Stock = 20
38:42 - if Safety Stock = 10
40:56 - if Safety Stock = 0
42:41 - Optimum Safety Stock

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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