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 1 year agoRelated Solutions
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
37. Inventory records for MOM Company revealed the following: Date Transaction Number of Units Unit Cost...
37. Inventory records for MOM Company revealed the
following:
Date
Transaction
Number
of Units
Unit
Cost
Mar. 1
Beginning inventory
200
$66.00
Mar. 6
Purchase
1,000
$66.50
Mar. 16
Purchase
1,000
$66.80
Mar. 23
Purchase
1,000
$66.90
MOM sold 3,190 units of inventory during the
month. Ending inventory assuming FIFO would be $______________
38. Inventory records for STC Company revealed the
following:
Date
Transaction
Number
of Units
Unit
Cost
Mar. 1
Beginning inventory
100
$25.00
Mar. 3
Purchase
500
$25.50...
Coopers Company reported the following information: Units Unit Cost Units Sold Jan 1 Beginning inventory 190...
Coopers Company reported the following information:
Units Unit Cost Units Sold
Jan 1 Beginning inventory 190 $50
Mar 8 Sale 100
Apr 10 Purchase 320 55
Jun 20 Sale 240
Oct 10 Purchase 570 60
Nov 30 Sale 450
Total
Selling price per unit
during the year: $75 790
Required Complete the following table.
Cost Total Periodic Perpetual Date Purchased per Unit Cost Sold
FIFO Weighted Average Units $ $ Units Units $ $ Units $ $
Given the following: Number purchased Cost per unit Total January 1 inventory 40 $ 4 $...
Given the following:
Number
purchased
Cost
per unit
Total
January 1 inventory
40
$
4
$
160
April 1
60
7
420
June 1
50
8
400
November 1
55
9
495
205
$
1,475
a. Calculate the cost of ending inventory using
the LIFO (ending inventory shows 61 units).
Cost of ending inventory
$
b. Calculate the cost of goods sold using the LIFO
(ending inventory shows 61 units).
Cost of goods sold
$
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- A retired couple supplement their income by making fruit pies, which they sell to a local...
- (Please answer this question accuratelly THANKS) The following commands in R computes 5000 simulations of sample...
- 1.Explain the methods are used to avoid material hazards. 2. Explain the control measures for overpressure...
- Discuss some of the practical applications of the Breakeven Analysis concept for an entrepreneur planning to...
- Enter the following balances in a general ledger format as of December 1. 11-cash $161,800. 12-...
- Please show the mechanism of RCHO or a ketone reacting with a nucleophile.
- Stora Enso is a Finnish pulp and paper manufacturing company. It discloses in its 1999 consolidated...
ADVERTISEMENT