PLEASE ANSWER ALL OF THIS QUESTION ASAP!!! 16. The economic order quantity is the order quantity that results in.The minimum total annual inventory costsNo inventory shortage..C.The maximum total annual inventory costsd. Minimum ordering costs.a.b.17. Ordering cost will include the following costs, except:a.Freight inb. Purchasing agent salary18. Buffer Stock is the level of stockHalf of the EOQa.b. Maximum stock in inventoryAt which the ordering process should startMinimum stock level below which actual stock should not fallC.d.19. Leslie Company had correctly computed its (EOQ) as 500 units. However,management feels it would rather order quantities of 600 units. Howshould Leslie's total annual purchase order costs and total annual carryingcosts for an order quantity of 600 units compare to the respective amountsfor an order quantity of 500 units?c. Receiving clerk salaryd. Storeroom keeper salarya.Lower purchase order cost and lower carrying costLower purchase order cost and higher carrying cost.Higher purchase order cost and lower carrying costd. Higher purchase order cost and higher carrying cost.C.b.20. It is an authorization signed by the purchasing agent sent to a vendor(supplier) to supply goods at the agreed price, specification, terms andconditions of the product and at a specified time and place of delivery.a. Purchase orderc. Bill of materialsb. Material requisition formd. Receiving report21. The specific identification method of inventory costinga. Always maximizes an entity's profitb. Cannot predict whether the profit will be higher or lower than withother methods of inventory valuation.C.Has no effect on an entity's profitd. Always minimizes an entity's profit22. Carrying costs would include the following, except:a.Insuranceb. Property taxesc. Loss due to spoilaged. Purchasing agent salary23. The following are examples of carrying costs, except:a. Lost saleb. Customer disappointmentc. Possible layoffsd. None of these are24. The additional units that are held in inventory to reduce the stockouts a25. In a period of falling prices, FIFO will havea. A higher cost of sales than LIFOb.known as:a. Buffer stockb. Average inventoryA higher profit than LIFOC.A higher income tax expense than LIFOd. None of the above26. Which is true regarding the safety stock?C.d.a.b.C.The greater the uncertainty associated with the forecasted demand, thesmaller the safety stockThe greater the risk of running out of stock, the smaller the safetystock.d. The larger the opportunity cost of the funds invested in inventory thelarger the safety stock.The higher the profit margin per unit, the higher the safety stockc. Order pointd. EOQnecessary.27. If the carrying cost per unit decreases, The EOQ will:a.Decreaseb.IncreaseC. Unchangedd. It depends on a particular product.28. Two companies report the same cost of goods available for sale, but eachemploys a different inventory costing method. If the price of goods hasincreased during the period, then the entity usinga. FIFO will have the highest ending inventoryb. FIFO will have the highest cost of sales.C.LIFO will have the highest ending inventoryd. LIFO will have the lowest cost of sales.29. Which statement is correct with respect to inventories?a.The FIFO method assumes that the earliest goods purchased are thelast to be sold.b. Under the FIFO method, the ending inventory is based on the latestunits purchased.FIFO seldom coincides with the actual physical flow of inventoryIt is generally good business management to sell the most recentlyacquired goods first.

Name: PLEASE ANSWER ALL OF THIS QUESTION ASAP!!! 16. The economic order quan
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Description: PLEASE ANSWER ALL OF THIS QUESTION ASAP!!! 16. The economic order quantity is the order quantity that results in.The minimum total annual inventory costsNo inventory shortage..C.The maximum total annual inventory costsd. Minimum ordering costs.a.b.17

EOQ stands for Economic Order Quantity refers to the calculation that the companies do and it states…

Business

Accounting

16. The economic order quantity is the order quantity that results in. The minimum total annual inventory costs No inventory shortage.. The maximum total annual inventory costs Minimum ordering costs. a. b. C. d.