When items are received, what information should be labeled and dated, and why is dating important for inventory control?

When items are received, what information should be labeled and dated, and why is dating important for inventory control?

• A. Label with product name only.
• B. Label with product name and price.
• C. Label with product name, supplier, lot, and use-by date; date on receipt; enables FIFO and traceability.
• D. No labeling is required.

Answer: (C)