Question
In: Operations Management
Given the following inventory information… Item number Unit cost Annual usage in units Current inventory in...
Given the following inventory information…
|
Item number |
Unit cost |
Annual usage in units |
Current inventory in units |
|
B8867 |
10 |
100 |
4500 |
|
J1252 |
5.25 |
6500 |
120 |
|
K9667 |
1.22 |
4000 |
1000 |
|
L2425 |
12.5 |
54 |
254 |
|
M4554 |
5.25 |
6500 |
120 |
|
T6334 |
70 |
500 |
800 |
|
W9856 |
.75 |
800 |
20000 |
|
X2215 |
1.5 |
8000 |
2000 |
|
Y3214 |
70 |
1000 |
500 |
|
Y6339 |
4 |
3500 |
125 |
which of the following items is not classified as C items by annual dollar usage?
Which is not classified as C items by current inventory value (dollars)?
Which of the following items is an overstocking item?
Which of the following items is an understocking item?
Solutions
keosha answered 2 years agoRelated Solutions
Information about Vinzant Company’s inventory of one item follows. Explanation Number of Units Unit Cost Beginning...
Information about Vinzant Company’s inventory of one item
follows.
Explanation
Number of Units
Unit Cost
Beginning inventory, January 1
115
$
365
Purchases:
April
135
370
August
145
375
October
120
377
Ending inventory, December 31
115
Questions:
Compute the cost of the ending inventory under the
average cost method.
Compute the cost of the ending inventory under the FIFO
method.
Compute the cost of the ending inventory under the LIFO
method.
Answer
each of the 3 questions by entering...
An annual demand for an item is 500 units, ordering cost is 8 $, inventory carrying...
An annual demand for an item is 500 units, ordering cost is 8
$, inventory carrying interest is 20% of the purchase price per
year. Purchase prices are as follows as proposed by the
vendor/supplier; where the value of unit cost=10 without any
discount?
Discount 0% 000≤Q<300
Discount 2% 300≤Q<450
Discount 3% 450≤Q
An annual demand for an item is 500 units, ordering cost is 8 $, inventory carrying...
An annual demand for an item is 500 units, ordering cost is 8
$, inventory carrying interest is 20% of the purchase price per
year. Purchase prices are as follows as proposed by the
vendor/supplier; where the value of unit cost=10 without any
discount?
Discount 0% 000≤Q<300
Discount 2% 300≤Q<450
Discount 3% 450≤Q
a) for inventory model with no
discount======================================================================
a1) The economic order quantity = [EOQ] units
a2) The total ordering costs = [TOC] $
a3) The total...
Perform ABC analysis for the following products: Item Volume (units/ year) Cost ($/unit) Annual $ Volume...
Perform ABC analysis for the following products:
Item
Volume
(units/ year)
Cost
($/unit)
Annual $
Volume
A
700
1
700
B
70
15
1050
C
965
4
3860
D
514
5
2570
E
20
15
300
F
770
32
24640
G
608
29
17632
H
513
2
1026
I
578
10
5780
J
199
2
398
57956
please, try to explain how can get the answer without used
excel
Inventory records for a company revealed the following: Date Transaction Number of Units Unit Cost Apr....
Inventory records for a company revealed the
following:
Date Transaction Number of Units Unit Cost
Apr. 1 Beginning inventory 500 $2.40
Apr. 20 Purchase 400 $2.50
The company sold 700 units of inventory during the
month. Cost of goods sold assuming FIFO would be:
a.
$1,690
b.
$1,720.
c.
$1,700.
d.
$1,730.
e.
$1,710.
If management can estimate the amount of loss that will
occur due to litigation against the company, and the likelihood of
the loss is reasonably possible,...
The Wright Company recorded the following inventory information during the month of October: UNITS UNIT COST...
The Wright Company recorded the following inventory information
during the month of October:
UNITS
UNIT COST
TOTAL COST
UNITS ON HAND
Balance on October 1
2,000
$1.00
$2,000
2,000
Purchased on October 8
1,200
$3.00
$3,600
3,200
Sold on October 20
1,500
1,700
Purchased on October 22
2,000
$4.00
$8,000
3,700
Sold on October 28
2,200
1,500
Purchase on October 29
1,000
$5.00
$5,000
2,500
Part B: Using the partially computed tables on
the next three pages, compute the cost...
Consider the following information on an inventory management system: Item Cost:  
Consider the following information on an inventory management
system:
Item
Cost:
$10
Order
Cost:
$250
Annual Holding
Cost:
33% of item cost
Annual
Demand:
25,750
Average
Demand:
515 per week
Std. Dev. of
Demand:
125 per week
Leadtime:
2 weeks
1. Ignoring the uncertainty in the demand (i.e. looking only at
average values), find the optimal order quantity and the reorder
point. What is the annual inventory holding and ordering cost for
this...
Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar....
Inventory records for Marvin Company revealed the following:
Date Transaction Number of Units Unit Cost Mar. 1 Beginning
inventory 960 $7.15 Mar. 10 Purchase 540 7.65 Mar. 16 Purchase 395
8.25 Mar. 23 Purchase 530 8.95 Marvin sold 1,790 units of inventory
during the month. Ending inventory assuming FIFO would be (Do not
round your intermediate calculations. Round your answer to the
nearest dollar amount): $5,610 $1,156 $6,864 $1,541
Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar....
Inventory records for Marvin Company revealed the
following:
Date
Transaction
Number
of Units
Unit
Cost
Mar.
1
Beginning inventory
1,000
$
7.26
Mar.
10
Purchase
540
7.71
Mar.
16
Purchase
760
8.14
Mar.
23
Purchase
590
8.54
Marvin sold 1,910 units of inventory during the month. Cost of
goods sold assuming FIFO would be:
Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar....
Inventory records for Marvin Company revealed the
following:
Date
Transaction
Number
of Units
Unit
Cost
Mar. 1
Beginning inventory
1,070
$7.29
Mar. 10
Purchase
580
7.79
Mar. 16
Purchase
445
8.39
Mar. 23
Purchase
550
9.09
Marvin sold 1,960 units of inventory during the month. Ending
inventory assuming FIFO would be
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