# Boreki Enterprise Inventory AnalysisBoreki Enterprise has provided data on 10 items in their inventory, and the task is to classify these items using ABC classification. The table below lists the items, their annual demand, cost per unit, dollar volume, and percentage of total dollar volume. Your task is to fill in the blanks and then answer the questions. Note: Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.## Inventory Data Table| Item | Annual Demand | Cost/Unit ($) | Dollar Volume ($) | % of Total Dollar Volume ||------|---------------|---------------|-------------------|--------------------------|| A2 | 10 | 120 | | || B8 | 4000 | 12 | 48,000 | 5.65 || C7 | 1500 | 45 | 67,500 | 7.94 || D1 | 2000 | 44 | | || E9 | 1000 | 20 | 20,000 | 2.35 || F3 | 25 | 40 | | || G2 | 200 | 1500 | 300,000 | 35.29 || H2 | 600 | 20 | 12,000 | 1.41 || I5 | 1000 | 300 | | || J8 | 2500 | 5 | 12,500 | 1.47 |*Note: Dollar Volume is calculated as the product of Annual Demand and Cost/Unit.*### Explanation of Graphical Table:- **Item**: Code representing each inventory item.- **Annual Demand**: The number of units expected to be sold within a year.- **Cost/Unit**: Cost price for one unit of the item.- **Dollar Volume**: Total monetary amount represented by each item (Annual Demand x Cost/Unit).- **% of Total Dollar Volume**: Percentage contribution of each item to the total dollar volume of all items combined.This summary helps in understanding the demand and financial impact of each item, which is crucial for inventory management and decision-making through ABC classification

Name: # Boreki Enterprise Inventory AnalysisBoreki Enterprise has provided
Uploaded: 2024-03-20T06:32:37.000Z
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Description: # Boreki Enterprise Inventory AnalysisBoreki Enterprise has provided data on 10 items in their inventory, and the task is to classify these items using ABC classification. The table below lists the items, their annual demand, cost per unit, dollar v

Solution: Item Annual Demand Cost/unit Dollar volume % of Total Dollar Volume A2 10 120 1200…

Business

Accounting

Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these into ABC classifications. Fill in the blanks and then answer the following questions. (Round dollar volume to the nearest who number and percentage of dollar volume to two decimal places.) Dollar % of Total Dollar Item Annual Demand Cost/Unit Volume Volume A2 10 120 B8 4000 48,000 67,500 12 5.65 C7 1500 45 7.94 D1 2000 44 E9 1000 20 20,000 2.35 F3 25 40 G2 200 1500 300,000 12,000 35.29 H2 600 20 1.41 15 1000 300 J8 2500 12,500 1.47

Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these into ABC classifications. Fill in the blanks and then answer the following questions. (Round dollar volume to the nearest who number and percentage of dollar volume to two decimal places.) Dollar % of Total Dollar Item Annual Demand Cost/Unit Volume Volume A2 10 120 B8 4000 48,000 67,500 12 5.65 C7 1500 45 7.94 D1 2000 44 E9 1000 20 20,000 2.35 F3 25 40 G2 200 1500 300,000 12,000 35.29 H2 600 20 1.41 15 1000 300 J8 2500 12,500 1.47

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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