1. manufacturing supplies and wages for the production staff are classified as when manufacturing a particular product

true or False

2. Inventory managers calculate EOQ to minimize holding costs and excess inventory

true or false

3. The weigthe average price method recorver the whole of materials. This method is suitable when price fluctuations are frequent because it smooth's out fluctuations by taking into account total cost and total quantity of materials.

True or false

4. Its correct to assume that finished goods for one company would also be classified as finish goods for another company

true or false

5. A firm's holding cost includes the price of goods damaged or spoiled , as well as that storage space, labour, and insurance

true or false