Ch. 9 Know the following: 1. InventoryCosts types and componentsin each type of inventorycost type; you do not have to calculate holding, setup, reorder, or shortage cost but know what goes into each type of cost 2. Know whatis a single periodmodel 3. Know whatare advantagesandlimitationsof using EOQ formula(do not need to memorizethe EOQ formula 4. Differences in Q System vs. P System and differences in appearance on a graph 5. Q System vs. P System Benefits/limitations 6. ABC methodapproachand benefitsof using ABC method