Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Complete an ABC analysis of the five items that Jones Corporation carries in inventory. Rank-order each item (row) based on "% of Annual Sales Revenue" in descending order. (Round your annual sales to the nearest dollar amount and other answers to 1 decimal place.)

Complete an ABC analysis of the five items that Jones Corporation carries in inventory. Rank-order each item (row) based on "% of Annual Sales Revenue" in descending order. (Round your annual sales to the nearest dollar amount and other answers to 1 decimal place.)

Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Chapter16: Lean Supply Chain Management
Section: Chapter Questions
Problem 10DQ: The chapter presented various approaches for the control of inventory investment. Discuss three...
See similar textbooks
icon
Related questions
Question

Note:-

  • Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
  • Answer completely.
  • You will get up vote for sure.
The following table contains data about the inventory for five items at Jones Corporation. Ending Unit Inventory 160,000 64,000 101,000 210,000 64,000 599,000 Item # 1 2 3 4 5 Total Item # Total 1 2 3 Beginning Unit Inventory 190,000 45 Complete an ABC analysis of the five items that Jones Corporation carries in inventory. Rank-order each item (row) based on "% of Annual Sales Revenue" in descending order. (Round your annual sales to the nearest dollar amount and other answers to 1 decimal place.) 44,000 89,000 240,000 54,000 617,000 Annual Sales Revenue $ 0 % of AnnualSales Revenue 0 Annual Unit Sales 440,000 120,000 100,000 % % % % 150,000 185,000 995,000 Unit Cost $ 18 $ 43 $ 6 $ 12 $ 1 Cumulative% of Sales % % % % % Class
Transcribed Image Text:The following table contains data about the inventory for five items at Jones Corporation. Ending Unit Inventory 160,000 64,000 101,000 210,000 64,000 599,000 Item # 1 2 3 4 5 Total Item # Total 1 2 3 Beginning Unit Inventory 190,000 45 Complete an ABC analysis of the five items that Jones Corporation carries in inventory. Rank-order each item (row) based on "% of Annual Sales Revenue" in descending order. (Round your annual sales to the nearest dollar amount and other answers to 1 decimal place.) 44,000 89,000 240,000 54,000 617,000 Annual Sales Revenue $ 0 % of AnnualSales Revenue 0 Annual Unit Sales 440,000 120,000 100,000 % % % % 150,000 185,000 995,000 Unit Cost $ 18 $ 43 $ 6 $ 12 $ 1 Cumulative% of Sales % % % % % Class
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 7 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS