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
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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.