In Inventory costs, ordering, holding, carrying, shortage and spoilage costs make up some of the basic types of inventory-related costs we often forget. These groupings broadly separate the many different inventory costs that exist, and below we will identify and describe some examples of the different types of cost in each category.
Inventory Costing
What Is Inventory Costing and 4 Inventory Costing Methods?
Inventory costing, also called inventory cost accounting, is when companies assign costs to products they have in inventory. These costs also include incidental fees such as storage, administration and market fluctuation.