Question

which of the following statements about the goods receipt step are not true? group of answer choices it results in a decrease in inventory. it can occur during the procurement process. materials are placed in an appropriate storage location with an appropriate status. it can occur during the production process.

Answer 1

The statement "the goods receipt step results in a decrease in inventory" is not true; it actually increases inventory. Goods receipt steps can occur both during the procurement and production processes, with materials being stored properly upon receipt.

Step-by-step explanation:

In the context of the goods receipt step in inventory management, several key statements can be addressed. Firstly, this step does not result in a decrease in inventory; in fact, it marks the increase in inventory as items are received. Secondly, a goods receipt can indeed occur during the procurement process, as it typically follows the purchase of materials or products from suppliers. Materials are then placed in an appropriate storage location and are assigned an appropriate status, indicating that they are ready for use or sale. Lastly, the goods receipt process can also occur during the production process, especially when materials move internally. This might include the receipt of semi-finished goods within different stages of the production process.