If Order order size is 400, carrying cos tS0.4, rates items sold 40perday, then : total cos t for leycle:
Q: 4 Calculate the cost of goods sold dollar value for A65 Company for the month using the first in…
A: The inventory valuation method used to evaluate the closing inventory and cost of goods sold on the…
Q: Suppose have The Following infrmaion you Cost Per unit units To tar Beguing invenbery 200 1o…
A:
Q: Octopus Company provides you with the following information regarding its inventory: Maximum lead…
A:
Q: 0.The following data were available for Product Z at Mar 31, 20X1: Beg inventory 50 units @ 12…
A: Solution: There are various method of inventory valuation as under: 1. First in First Out (FIFO) 2.…
Q: Tully Sales uses a periodic inventory system with the weighted average method of cost assignment.…
A: Under the weighted average inventory method, total cost of goods purchased is divided by the total…
Q: The supplier of the bath towel is offering a discount of $25 off each order if orders are placed in…
A: Econi=omic order quantity=2×Annual demand×Ordering costCarrying cost
Q: 1. You are inventory manager of Diego Supplies Inc. You computed the EOQ to be 500 units. Annual…
A: Since there are multiple questions, we will solve first for you. To get the remaining questions…
Q: 1. Krissy operates its factory 300 days per year. Its annual used of Material Y is 300,000 gallons.…
A: Reorder Point = Lead Time Demand + Safety Stock Lead Time Demand = Average Daily Usage x Lead Time…
Q: Khanh's Department Store, Ltd. uses a perpetual inventory system with moving-average cost; terms for…
A: Moving Average cost flow assumption - Under the Moving Average Cost Method, the cost is considered…
Q: 1. You are inventory manager of Diego Supplies Inc. You computed the EOQ to be 500 units. Annual…
A: Economic order quantity is the best possible order quantity which provides with least cost of…
Q: uc
A: Q* = Demand * LT + Safety Stock Safety Stock = Q* - Demand * LT = 204 - (60 x 2) Safety Stock = 84…
Q: King Company had 25 units @$5 in beginning inventory; bought 30 units @$6 and then sold 50 units.…
A: The first in first out is a method to account for inventory, according to this method the entity…
Q: 21. The home office ships merchandise to the branch at 50% above cost. On its books the branch shows…
A: The amount of adjustment for allowance is calculated by deducting cost from the billed amount.
Q: solve all parts within 30 mins
A:
Q: Calculate the weighted-average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September…
A: Mainly ending inventory can be valued in three method namely FIFO, Weighted average cost and LIFO…
Q: The following inventory date have been established for Tokyo Corporation: Annual sales are 338,000…
A: EOQ is that level of the unit that has a minimum logistic cost and that is economical for the…
Q: Answer is complete and correct. Item %23 Beginning Unit Ending Unit Average Unit Annual Unit Sales…
A: Average inventory turnover: In accounting, the average inventory turnover ratio is the computation…
Q: 8-The total purchase related cost is RO 40,000. The number of purchase orders placed is 64. The…
A: Activity cost = RO 40,000 Cost driver = Number of purchase orders
Q: Fill out the following MRP record. The lot size is 60 units and the units on hand are 100 units. The…
A: Inventory management:It refers to the process of ordering, storing, using, and selling a company's…
Q: Using Average - perpetual, how much is the cost of ending inventory per unit? Using Average -…
A: Under average cost method of inventory, average cost per unit of inventory is used for calculation…
Q: You place an order for 470 units of inventory at a unit price of $175. The supplier offers terms of…
A: According to bartleby guidelines , if question involves multiple sub parts , then 1st sub 3 parts…
Q: You place an order for 310 units of inventory at a unit price of $160. The supplier offers terms of…
A: 1/15, net 90 means if the amount due is paid within 15 days, the customer will get 1% discount,…
Q: he monthly consumption of wheat is 50,000 kgs for Nabil Company. The per unit (kg) cost is OMR…
A: Economic order quantity means the number of units to be ordered so that total cost of inventory will…
Q: REI sells snowboards. Assume the following information relates to REI's purchases of snowboards…
A: Answer to Question (a1):- Weighted Average Unit Cost Sep-01 107.000 Sep-05 107.000 Sep-12…
Q: ($) ('$) Unit Total Balance Cost in Units 50 Date Explanation Units Cost Jun-01Beginning inventory…
A: FIFO: COGS = 50 units x $1 + 10 units x $1.2 + 40 units x $1.2 + 110 units x $1.4 = $50 + $12 + $48…
Q: If demand for one year is 25,000 units, relevant ordering cost for each purchase order is $210 and…
A: The economic order quantity (EOQ) is a quantity that a company should buy to minimize its cost of…
Q: An order is shipped to a retail customer who has ordered 8 individual items. This order will be…
A: Activity rate is the rate used to allocate manufacturing overhead cost to cost object under…
Q: 1. Complete the below grid. Submit your answers in a grid/table. Net Sales Cost of goods sold Gross…
A: “Since you have asked multiple questions in two different images, we will solve the first complete…
Q: C. Optimal number of orders per year D. Optimal time between orders
A: Economic order quantity means the number of units to be ordered so that total cost of inventory will…
Q: 4. Complete the following grid. Submit your answers in a grid/table. Original Retail $20.00 $22.50…
A: The term "markdown percentage" describes the percentage by which a good or service's price has been…
Q: Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM…
A: ItemDemandCost / UnitDollar Volume% of total dollar…
Q: Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO…
A: Inventory valuation is based on the flow of exemption used by the company. There are many methods…
Q: Use the table mentioned below and calculate the average monthly amount of each 3 drivers.…
A: An average can be defined as the summation of two or more numbers and dividing the total by the…
Q: Zhang Company reported Cost of goods sold of $847,000, beginning Inventory of $39,600 and ending…
A: Merchandise inventory is the value of goods in the stock whether it is finished goods, raw material…
Q: er the next 12 months is E this item is 4, and ending riod and a setup cost of 5
A: Demand = (6, 12, 4, 8,15, 25, 20, 5, 10, 20, 5, 12) Subtract starting inventory from period 1 demand…
Q: An organization implements a fixed order interval inventory system. The setup (procurement) cost per…
A: Economic order quantity refers to the optimal quantity of merchandise that should be ordered to…
Q: b) Wansam Ltd extracted the following from its records: Monthly demands of Ba Carrying cost per unit…
A: Based on the analysis, Wansam Ltd. should order 2,828 units each time the inventory level reaches…
Q: Inventory records for Marvin Company revealed the following: Cost Mar. 1 Beginning inventory 960…
A: Under FIFO method the oldest products in inventory have been sold first.
Q: 1. If 10 units are sold on August 24th, what is the total Cost of Merchandise Sold for the month…
A: 1. Cost of goods sold under LIFO method Sale units cost per unit cost of good sold =Sale…
Q: 46.The following data were available for Product Z at Mar 31, 20X1: Beg inventory 50 units @ 12…
A: Inventory is valued on the basis of different inventory valuation methods such as LIFO, FIFO, or…
Q: Assume Ava Co. has the following purchases of inventory during the first month of operations…
A: LIFO is last in first out inventory valuation method in which goods purchased at last in the…
Q: Explain your answer with amounts. Days Sales Inventory Days Sales Receivables Analysis Company A…
A: Inventory is very important in the business because in business you have to satisfy immediate demand…
Q: following data were available for Product Z at Mar 31, 20X1: Beg inventory 50 units @ 12…
A: The inventory can be valued using various methods as LIFO, FIFO and weighted average method. Using…
Step by step
Solved in 2 steps
- Bb.41.Suppose that a firm applies the continuous- review inventory model to management its inventory of a product. Daily demand follows the normal distribution with mean 20 units and standard deviation 3 units. The firm currently uses the order size Q=500 units. Order lead time is 4 days. Assuming 300 working days in a year, what is the time between the placement of two consecutive orders? a. 4 days b. 12days c. 25days d. 30days e.none of ghe abovetion If the merchandise costs $6,000, insurance in transit costs $500, tariff costs $50, processing by the purchasing department costs $35, and the receiving dock personnel costs $15, what is the total cost of the merchandise? -ous page O a. $6,000 O b. $6,550 O c. $6,600 O d. $6.500 -Arrianmont) Groun Arrianmont on lob Type here to search S X E 3 E $ D € O EI % R JU F JU OL V 5 C ^ 6 0 B Y H & 7 U N 3 8 O H 1 M ( Q K O 0 Time left 0 A P Next page 28°C M T
- ('$) ('$) Unit Total Balance Date Explanation Units Cost Cost in Units Jun-01 Beginning inventory 50 1.0 50 50 Jun-06 Purchase 50 1.2 60 100 Jun-10 Sales 60 40 Jun-13 Purchase 150 1.4 210 190 Jun-20 Purchase 100 1.6 160 290 Jun-25 Purchase 150 1.8 270 440 Jun-30 Sales 150 290 Round your answer to the nearest dollar. (eg $54.4 ....input as 54 , $54.5 input as 55 ) (do not input comma "," , dollar sign "$" for numerical figures) FIFO Periodic System COGS $ Ending Inventory $ Average Cost Periodic System COGS $ Ending Inventory $ FIFO Perpetual System COGS $ Ending Inventory $ Average Cost Perpetual System COGS $ Ending Inventory $ ('$) ('$) Unit Total BalanceDate Explanation Units Cost Cost in UnitsJun-01 Beginning inventory 50 1.0 50 50Jun-06 Purchase 50 1.2 60 100Jun-10 Sales 60 40Jun-13 Purchase 150 1.4 210 190Jun-20 Purchase 100 1.6 160…Use the following data to prepare card store by using Fifo method, Lifo method and av. cost : 1-1/6 The balance ( 30 ) unit in price ( 1000 )D. To unit. 2-2/7 Purchase ( 50 Junit in price (1100 )D. To unit . 3-7/8 Expend ( 40 Junit to the production. 4-11/9 purchase ( 35 )unit in price ( 1130 )D. To unit . 5-14/9 Expend ( 35 )unit to the production . 6-17/10 Purchase ( 25 ) unit in price (1135 )D. to unit.) ABC Coporatin has a emand of2000 unis amaly Eah unt Costs Rs 100 the os to pae a oder's ks. 173, imentory arying Costis 175% of the cost o oe uit Determnine. Number of orders per anum.
- Complete the table: (Round your "Unit cost" answers to the nearest cent.) Units Cost Dollar cost Beginning inventory Jan 1 20 $8.00 May 10 15 $11.00 June 30 17 $20.00 Dec 10 12 $21.00The beginning inventory was 100 units at P1000 per unit. Purchases for the period were as follows. First batch, 900 units at 1100 per unit P990000, second batch 1500 units at P 1200 per unit 600000. Physical count at the end of the period was 50 units, under FIFO costing, the value of ending inventory would beThe Music carries a large inventory of quitars and other mussical instruments Tho store usos the FIFO method and a perpetual inventory system Company records indicato the following for a particular line of quitars Propare the porpotual inventory record Start by entering the opening balance of inventory Enter the transactions in chronological order When entenng sales, enter the oldost cost in the first line Bo sure to calculate the balance after each transaction (Use parentheses or a minus sign in front of the quantity and the total cost when those numbers are subtracted from inventory) Date Item Quantity Unit Cost Sep Balance $900 6. Sale 3 Purchase 12 $830 Dale Quantity Unit Cost Total Cost 17 Sale 15 900 4 500 30 Purchase $830 Sep (3) (2,700) 6. Required Prepare a perpetual inventory record for the guitars Then determine the amounts The Music should report for ending inventory and cost of goods sold under the FIFO method 1 800 Bal 12 9 960 8. 830 14 11 760 Bal 17 (2) 900 (1.800) (2)…
- PROBLEMS P3-1 Ginża Company's provided the following information for the ręcent fiscal year: Annual inventory requirement Cöst per unit (other than carrying and ordering costs) Cost of placing.each order. Carrying cost per unit. Ginza has the following aiternative.order size in units: 4,000, 2000; 1,000, 500, and 400. Required: Determine the EOQ using the following: Tabular approach. b. Mathematical approach :4,000 units P90.00 P250.00 P2.00 а. CS Scanned with CamScannerBoreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these items into ABC classifications. Fill in the blanks and then answer the following questions. (Round dollar volume to the nearest whole 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 12 48,000 67,500 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 35.29 Н2 600 20 12,000 1.41 15 1000 300 J8 2500 12,500 1.47Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. Item cost Order cost Annual holding cost (N) Annual demand Average demand $ 11.00 $257.00 33 26,600 532 Standard deviation of weekly denand Lead time Service probability 30 units /order % of item cost units /week 2 week 98% a. Determine the order quantity and reorder point. (Use Excel's NORMSINV( ) function to find your z-value and then round that z- value to 2 decimal places. Do not round any other intermediate calculations. Round your final answers to the nearest whole number.) Optimal order quantity units units Reorder point b. Determine the annual holding and order costs. (Do not round any intermediate calculations. Round your final answers to 2 decimal places.) Holding cost Ordering cost C. Assume a price break of $60 per order was offered for purchase quantities of 2,000 units per order. If you took advantage of this price break, how much would you save annually? (Do…