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Acceptable Variance

edited Nov 26, 2019 8:42AM in Accounting / ERP 1 comment

We're having a discussion in our office about Physical Inventory and what should be an acceptable final variance.  We are in the Retail Appliance Business and our normal inventory level is around $1M and our Avg Cost/Item is around $800. 

If you don't mind, I was wondering if anyone could volunteer what they would consider a reasonable and acceptable variance.  Private messages are welcome and will be kept confidential.

Thanks In Advance

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