1. Characteristics of inventory vary from one industry to another. It varies in cost, shelf life, consistency, useage rate, etc. Inventory used in some industries, partcularly those that process food or pharmaceuticals, may have characteristics that make it particularly difficult to manage. Take the tour of the Golden Cheese Company.

a. Describe the inventory used in the companies processes.

b. What are the characteristics of each inventory item that make it easy or difficult to manage?