The inventory difference refers to the difference between the average inventories of the overcosted products and undercosted products as a percentage of production.
What does ID stand for?
ID stands for Inventory Difference
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of ID
We have 120 other meanings of ID in our Acronym Attic
- International Delight
- International Development
- International Diplomacy
- International Director
- Interpretative Documents
- Intestinal Distress
- Intrinsic Densitometry
- Intrusion Detection
- Invariant Density
Samples in periodicals archive:
Companies should also ensure that they are properly controlling hazardous waste; the use of material balance accounting for hazardous materials requires identifying waste streams, recording material inputs and outputs, and examining the inventory difference for possible lost materials.