Angelys9462Aged Payable Report

Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 15 units at $40 $600 Aug. 13 Purchase 5 units at $41 205 Nov. 30 Purchase 11 units at $42 462 Available for sale 31 units $1,267   There are 9 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) $fill in the blank 1 b. Last-in, first-out (LIFO) $fill in the blank 2 c. Weighted average cost $fill in the blank 3

Complete Company A's table ItemList priceChain discountNet priceTrade discountPrecor treadmill$3,0009/4  Maytag Dishwasher$4508/5/6  Hewlett-Packard Scanner$3203/5/9  Land Cruiser roof rack$1,85012/9.6

ABC analysis on the following set of products Item       Annual     Demand     Unit CostA            211          800             R9B           390          100              R90C           003          450              R6D          100           400              R100E           707          85                R2,000F           660          250              R320G          473          500               R75H          921          100               R75 Soft goods department sells 175 units per month of a certain large bath towel. The unit cost of a towel to the manufacturer is R2.50 and the cost of placing an order has been estimated to be R12.00. There is an inventory carrying charge of 27% of the unit cost per year. What is the optimal order quantity, the order frequency, and the annual holding and setup cost. If the ordering cost can be cut to R4.00, what will be the new economicorder quantity, the order frequency, and annual holding and setup costs.

Q4. What are the various types of inventory? Explain each type in brief.

Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 12 units at $47 Jan. 11 Aug. 13 20 units at $48 Nov. 30 $564 960 735 Avaliable for sale $2,259 There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-sout (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost Inventory Purchase Purchase 15 units at $49 47 units 1,284 X

19. SPRAY-PAINT INVENTORY The Graphic Hobby House made purchases of assorted colors of spray paint during the year as follows. Beginning inventory 200 cans at $2.20 March 400 cans at $2.40 May 700 cans at $2.00 August 500 cans at $2.30 November 300 cans at S2.60 At the end of the year, they had 450 cans of spray paint in stock. (a) Find the inventory value using the weighted-average method. (b) Find the inventory value using the FIFO method. (c) Find the inventory value using the LIFO method.

Specialty Toys, Inc., sells a variety of new and innovative children's toys. As with other products, Specialty faces the decision of how may Weather Teddy units to order for coming holiday season. Members of the management team suggested order quantities of 15,000, 18,000, 24,000, 28,000 units. The wide range of order quantities suggested indicates considerable disagreement concerning the market potential. The product management team ask you for analysis of the stock-out probabilities for various order quantities, an estimate of the product potential, and to help make an order quantity recommendation. Specialty expects to sell Weather Teddy for $24 based on cost of $16 per unit. If inventory remains after the holiday season, Specialty will sell all surplus inventory for $5 per unit. After reviewing the sales history of similar products, Specialty%u2019s sales forecaster predicted and expected demand of 20,000 units with a .95 probability that demand would be between 10,000 units and…

b. Forward Thinking Limited (FTL) has used a fixed-time period inventory system that involvedtaking a complete inventory count of all items each month. However, increasing labor costs, areforcing FTL, to examine alternative ways to reduce the amount of labour involved in inventorystockrooms, yet without increasing other costs, such a shortage costs. Table 4 (below) is arandom sample of 20 FTL’s items.6Table 4. Annual Usage by Value of a sample of FTL’s InventoryItem Number Annual Usage ($) Item Number Annual Usage ($)1 10,700 11 2,8502 14,100 12 1,5003 4,100 13 3,3004 16,100 14 2,6005 8,200 15 110,1006 1,900 16 14,9007 84,100 17 9,6008 990 18 1,8009 1040 19 3,80010 94,100 20 12,600 (i) What would you recommend FTL to do to cut back its labor cost? (Illustrate using an ABCplan).

11. Determine planned purchases (a) at retail and (b) at cost for a month with the following planned figures: Round to the nearest dollar. Sales                               $148,000 Markdowns                        8,400 BOM Stock                   310,500 EOM Stock                   340,000 Markup                                   48%

PLZ I want full answer with all solution steps

Q3. What is inventory management? Explain in brief 4 functions of inventory management.

OPL

Give the correct answer

Beginning Quantity Ending Inventory Order? Lost Week Demand inventory on-order inventory position (yes/no) Sales 1 100 53 2 40 3 36 4 38 5 55 6 34 7 30 8 31 9 40 10 57 11 30 12 53

Q-. Explain the following concepts.                                                                                       Wholesaler Fire Insurance Short Term Finance Indirect Channel

Decide on at least three distinct parties involved in the requirements collecting process

3. Fortnex is a company that assembles small household appliances including coffee makers, toasters, and food mixers. The parent company of Fortnex has been concerned about the rising product cost of the finished products, which has led to reduced profit margins. One of the demands of the parent company has been to review the inventory management practices of Fortnex. Two areas which Fortnex is currently investigating are economic order quantity EOQ and ABC analysis. Perform the following. (i) At present the company purchases copper wire for a certain appliance under economic order quantities based on the information given in Table 3-1. The supplier of copper wire is proposing a discount of 5% of unit price if Fortnex purchases in lot sizes of 1000 kg. rather than the calculated EOQ. Determine if Fortnex should take advantage of the price discount. Justify your response. For a particular series of referenced products, the number of units used a year, and the unit cost are as shown in…

Question1: A business wants to classify its inventory items in order to determine its inventory policy. The table contains information about the inventory items in the business. Accordingly, using the "ABC" analysis, determine the stock groups of the enterprise.1-) What percentage of the total inventory items and total inventory costs will the A group inventory items constitute?2-) What percentage of the total inventory items and total inventory costs will the B group inventory items constitute?3-) What percentage of the total inventory items and total inventory costs will the C group inventory items constitute?

Please do not give solution in image format thanku  1) Determine which shipping alternative would be most economical to ship 80 boxes of parts when each box has a price of $200 and holding costs are 30 percent of price, given this shipping information: overnight, $300, two-day, $260, six-day, $180.

Please fill out the table of values.

can you please help me answer this question.... Rebar Company prepared the following analysis of its year-end inventory on December 31. First, determine the total lower of cost or market value for each product in Rebar Company's inventory. Second, prepare the journal entry needed at year-end to value the inventory at LCM, if applicable.       Historical Cost Replacement Cost Product Quantity per unit per unit A 17 $430 $499 B 140 325 299 C 38 75 69

Subject:- accounting

Can you assist me with Question 12.3. Please right out the steps it's easier to understand verses on the excel spreadsheet. If you do it in excel can you make it easy to follow along to. Thank you kindly.

Q6. Discuss the challenges and opportunities of multichannel distribution system highlighting the keyfunctions performed by them.

***** The company Marombeiro is a commercial representative of a food supplement widely consumed in gyms. The average daily demand for the product is 1,500 units and a standard deviation of 300 units. Average shipping time is 5 days. Of course, if the order is placed at the end of the week, it may take a little longer to receive the shipment, so the standard deviation of the delivery time is 2 days. The unit has a value of R$ 50.00 per unit in stock, an order cost of R$ 50.00 and an annual maintenance fee of 20%. Suppose Company Marombeiro wants to change the service to 99%. How many days of safety stock the company will have. ( )5.12 days ( )5.67 days ( )5.33 days ( )4.77 days

part 2 solution needed

When a customer allows the supplier to manage inventory policy for an item or group of items.

I don’t understand

How would you adjust MPS schedule when safety stock requirements are given?

ECUR UMIC ORDER QUANTITY CALCULATIONS (2 QUESTIONS) Company uses 800 units of a product per year on a continuous basis. The product year and order costs of $300 per order. It takes 30 days to receive a shipment after an order is placed and the a safety stock of 5 days usage in inventory. has carrying costs of $50 A. Calculate the economic order quantity a. 98 B. Determine the reorder a. 150 days (3 CASH DISCOUNTS point. ONS) (Assume (EOQ). a 360-day year.) per unit per firm requires

What is the purpose of inventory control?

Question Two (2) Explain why procurement planning should always be done in a rational manner. Discuss why contract packaging is an essential part of the design during a procurement proceeding?

Micro-Electronics Warehouse Headset and Webcam Sale Item Type Reg. Price After Savings Price BuddyChat 200 Headset $34.72 $24.40 BuddyChat 300 Headset $41.27 $34.91 BuddyCam HD Webcam $83.54 $61.46 You have decided to purchase the headset with the greatest markdown percent and the BuddyCam HD webcam in order to take advantage of an "Extra $15 Rebate" offer when you purchase both. What is the markdown percent on your total purchase including the rebate?

Watergate, Inc. uses a perpetual inventory system. It entered into the following purchases and sales transactions. Use this information to answer the questions that follow. Date Watergate, Inc. Inventory Activities Oct. 1 Beginning Inventory Oct. 5 Purchase Oct. 9 Sale Oct. 18 Purchase Oct. 24 Sale Details 110 units @ $20 50 units @ $22 60 units @ $40 70 units @ $25 55 units @ $40 Question 1 Watergate, Inc.: Assuming FIFO inventory method answer the following: 1. Total cost of goods sold at the end of the period. 2. Ending inventory in dollars not units at the end of the period. 3. Gross profit for the period. Question 2 Watergate, Inc.: Assuming LIFO inventory method answer the following: 1. Total cost of goods sold at the end of the period. 2. Ending inventory in dollars not units at the end of the period. 3. Gross profit for the period.