6-9 P company has developed the following data to assist in controlling one of its material inventory items: Economic order quantity 1,000 liters Average daily use Maximum daily use 100 liters 120 liters Working days per year Safety stock 250 days 140 liters Cost of carrying inventory P1.00 per liter per year Lead time 7 working days What is the reorder points? O a. 830 liters O b. 840 liters O c. 800 liters O d. 900 liters 7. what is the average inventory? 9. What is the cost of placing an order? О а. 740 liters О а. Р 25 O b. 700 liters оь. Р35 O . 650 liters Р 30 O d. 640 liters O d. P 20 8. What is the maximum inventory assuming normal lead time and usage? a. 1,400 liters O b. 1,240 liters O c. 1,140 liters 200 L'L

6-9 P company has developed the following data to assist in controlling one of its material inventory items: Economic order quantity 1,000 liters Average daily use Maximum daily use 100 liters 120 liters Working days per year Safety stock 250 days 140 liters Cost of carrying inventory P1.00 per liter per year Lead time 7 working days What is the reorder points? O a. 830 liters O b. 840 liters O c. 800 liters O d. 900 liters 7. what is the average inventory? 9. What is the cost of placing an order? О а. 740 liters О а. Р 25 O b. 700 liters оь. Р35 O . 650 liters Р 30 O d. 640 liters O d. P 20 8. What is the maximum inventory assuming normal lead time and usage? a. 1,400 liters O b. 1,240 liters O c. 1,140 liters 200 L'L

Name: 6-9 P company has developed the following data to assist in controlli
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Description: 6-9 P company has developed the following data to assist in controlling one of its material inventory items:Economic order quantity1,000 litersAverage daily use100 litersMaximum daily use120 litersWorking days per year250 daysSafety stock140 litersC

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A firm that sells a single product had a beginning inventory of 10,000 units with a total cost of BD26,000. Early in the year, 4,000 units were purchased at BD4 each. Using WA method, What is the value of the ending inventory of 3,000 units (using a periodic inventory system). * BD 15,000 BD 10,000 BD 9,000
10. Mama's Mexican Meals, Inc., had the following activity for an inventory item during June: Unit Units Cost Beginning inventory Purchase (June 5). Purchase (June 15) Sale (June 20). Sale (June 25). Purchase (June 30) 50 $10 10 16 30 14 40 20 10 20 Assuming Mama's uses a periodic weighted average cost flow assumption, cost of goods sold for June would be a. $512 b. $560 c. $768 d. $720
I have answer for a and b Solve c
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A company purchased 100 units for $30 each on January 31. It purchased 300 units for $20 each on February 28. It sold a total of 370 units for $110 each from March 1 through December 31. If the company uses the last – in, first – out inventory costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual inventory system.) A. $900 B. $600 C. $2,400 D. $30
Complete the missing figures: Q15 Purchases of raw materials during that year Q16 Raw materials use in production during the year Q17 Cost of units completed during the year Q 18 Finished goods inventory Q19 Cost of units sold during the year
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A. First In, First Out Number of Units Dollar Per Unit Value Total Value Cost of Goods Sold .. ... B. Last In, First Out Number of Units Dollar Per Unit Value Total Value Cost of Goods Sold ... ... C. Weighted Average Number of Units Dollar Per Unit Value Total Value Cost of Goods Sold ... ...
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