8. XYZ has developed the following data from its Material A Safety stock Average (normally) daily use Maximum daily use Minimum daily use ЕOQ Cost of placing an order Working days per year 280 200 240 180 1,000 P20 250 days 6 days What is the normal maximum inventory? Lead time
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- According to the information given in the table below, which of the following is Cost of Goods Sold? Cost of Production 156000 Opening stock of WIP Opening stock of FG Closing stock of WIP Closing stock of FG 67000 18000 15500 9000 Select one: O a. 216500 O b. 312000 C. 245000 d. 235000From the following information you are required to calculate for each product : Re order level Maximum stock Minimum Stock Average Stock Product X Product Y Average consumption per week 500 500 Minimum requirement per week 250 250 Maximum usage per week 750 750 EOQ 3,000 5,000 Replacement time 4 to 6 weeks 2 to 4 weeksOctopus Company provides you with the following information regarding its inventory: Maximum lead time 5 weeks Minimum lead time 2 weeks Normal lead time 3 weeks Normal weekly usage 4 000 units Interest rate 5% Cost price per unit R20 per unit Inventory carrying cost R7 per unit Ordering cost R30 per order Maximum weekly usage 4 000 units Minimum weekly usage 3 000 units Required: Calculate Reorder point 20 000 15 249 21 000 22 000 None of the above
- Duke Company stocks a particular item for which the following information is available: Duke Company stocks a particular item for which the following information is available: Minimum usage Maximum usage Normal usage Procurement time Economic order quantity 280 units per day 840 units per day 550 units per day 16-20 days 10,000 units Calculate the re-order level, minimum stock level and maximum stock level. Minimum Stock Level Reorder Level 5,600 16,800 16,800 12,600 Maximum Stock Level (II) (II) (IV) 6.720 6,900 6,720 4,200 22,320 22,320 26,800 10,560 O a. IV O b l O .II O d. IIchapter 7 6. Given the following information, calculate the estimated physical inventory if shortage is estimated to have been 0.88%. Present your answer with a dollar sign, comma separator, rounded to the dollar. Net Sales $380,670 Closing Book Inventory $64,38821- According to the information below, what is the cost of goods sold for a business that monitors its stocks using the perpetual inventory method ? TL Stock at the Beginning of the Period Buying During the Period Buying Returns Purchase Expenses Purchase Discounts End of Period Inventory 44,000 65,000 4,000 4,000 1,000 30,000 a) 98,000 TL B) 64,000 TL NS) 92.000 TL D) 96,000 TL TO) 78,000 TL
- 1 A firm uses an inventory item with the following characteristics. Cost per-item $ 6.00 Annual consumption 1,000 Fixed cost per order placed $30.00 Carrying cost of inventory (as a % of dollar value) 25% How many times should the product be reordered each year and what are the related ordering and carrying costs of inventory?Which of the following journal entries would be recorded when the inventory with cost of 11.000 TL has a shrinkage of 1.000 TL in its value? a.1.000 TL debit to 621-COGS; 1.000 TL credit to 153-Inventory b.1.000 TL debit to 689-Ext. Loss; 1.000 TL credit to 100-Cash c.1.000 TL debit to 689-Ext. Loss; 1.000 TL credit to 153-Inventory d.1.000 TL debit to 157-Other Inventory; 1.000 TL credit to 153-Inventory8. XYZ has developed the following data from its Material A Safety stock Average (normally) daily use Maximum daily use Minimum daily use EOQ Cost of placing an order Working days per year 280 200 240 180 1,000 Р20 250 days 6 days What is the normal maximum inventory? Lead time
- Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Regular Time Demand Period Overtime Subcontract Forecast 30 15 15 40 35 15 15 55 3 30 15 15 45 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit Carrying cost per unit per month 20 units $100 $160 $200 $4 Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $ (enter your response as a whole number). Enter your answer in the answer box and then click Check Answer.Inventory days equal to Total Inventory Stock divided by Average Operating Expenses per day Raw Materials Days, WIP Days and Finished Good Days Finished Goods Stock divided by Average operating expenses Average operating expenses divided by average inventory per dayThe average cost of AD computer modems on 30 March, as per the stock card, is $21.06. If 200 modems are sold at $24.00 each, what is the cost of the modems charged to the income statement, assuming the weighted average method of costing is used?a. $4000b. $4800c. $4212d. $3800