In the following MRP planning schedule for Item J, indicate the correct net requirements, planned-order receipts, and planned-orderrelesses to meet the gross requirements. Lesd time is one week. (Leave the cells blank, whenever zero (0) is required.)WEEK NUMBER2ITEM I145Gross requirenents755e70On- hand40Net requirementsPlanned-order receiptPlanned-order releasePerlod245Grass requirements755070Scheduled receiptsItem: JОН: 40LT: 1SS: 0Q: L4LProjected available balanceNet requirementsPlanned order receiptsPlanned order releases

Given Gross requirement of week 2, 4, 5 is 75, 50, and 70 respectively.

Answered: In the following MRP planning schedule…

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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Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows: Inventory Purchases Sales Dec. 1 3,800 units at $23 Dec. 10 1,900 units at $25 Dec. 12 2,660 units Dec. 20 1,710 units at $27 Dec. 14 2,280 units Dec. 31 1,140 units Question Content Area a. Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods SoldLIFO MethodPrepaid Cell Phones Date QuantityPurchased PurchasesUnit Cost PurchasesTotal Cost QuantitySold Cost ofGoods SoldUnit Cost Cost ofGoods SoldTotal Cost InventoryQuantity InventoryUnit…
Inventory elements: derecognition and measurement At the time of their exit, the inventory and other fungible assets are measured and recorded in accounting through applying one of the following formulas: First In - First Out C FIFO WAC Weighted Average Cost Last In - First Out LIFO Case study no. 1: At the beginning of January N entity A has an initial flour inventory of 200 kg evaluated at an actual cost of 46 lei/kg. The following transactions happen during the month with regard to the flour inventory: 07.01.N: acquisition 500 kg, actual cost 47 lei/kg: 09.01. N: acquisition 300 kg, actual cost 49 lei/kg: 12.01. N: consumption 600 kg: 17.01. N: consumption 100 kg: 20.01. N: acquisition 200 kg, actual cost 55 lei/kg: 24.01. N: consumption 400 kg: 27.01. N: acquisition 700 kg, actual cost 57 lei/kg: 30.01. N: consumption 750 kg.
Inventory elements: derecognition and measurement At the time of their exit, the inventory and other fungible assets are measured and recorded in accounting through applying one of the following formulas: First In - First Out C FIFO WAC Weighted Average Cost Last In - First Out LIFO Case study no. 1: At the beginning of January N entity A has an initial flour inventory of 200 kg evaluated at an actual cost of 46 lei/kg. The following transactions happen during the month with regard to the flour inventory: 07.01.N: acquisition 500 kg, actual cost 47 lei/kg: 09.01. N: acquisition 300 kg, actual cost 49 lei/kg: 12.01. N: consumption 600 kg: 17.01. N: consumption 100 kg: 20.01. N: acquisition 200 kg, actual cost 55 lei/kg: 24.01. N: consumption 400 kg: 27.01. N: acquisition 700 kg, actual cost 57 lei/kg: 30.01. N: consumption 750 kg.
Pinkton Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Hours Move time 3.6 Wait time 30.2 Queue time 8.7 Process time 0.4 Inspection time 0.2 The delivery cycle time was:
Consider the following information: Suppliers’ payment period 40 days Receivables’ collection period 40 days Finished goods holding period 15 days Work – in progress holding period 10 days Raw materials inventory holding period 20 days a) what is the operating cycle? Select one: A. 75 days B. 85 days C. 70 days D. None of the above
Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Wait time. Process time Inspection time Hours 28.0 1.0 0.4 3.2 5,1 Move time Queue time The delivery cycle time was: (Round your intermediate calculations to 1 decimal plate.)
Complete the production cost report using FIFO.
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Penalty costs can be assessed only against the number of units of demand that cannot be satisfied, or against the number of units weighted by the amount of time that an order stays on the books. Consider the following history of supply and demand transactions for a particular part: (given) Assume that starting inventory at the beginning of January is 480 units.a. Determine the ending inventory each month. Assume that excess demands are back-ordered.b. Assume that each time a unit is demanded that cannot be supplied immediately, a one-time charge of $10 is made. Determine the stock-out cost incurred during the six months (1) if excess demand at the end of each month is lost, and (2) if excess demand at the end of each month is back-ordered.c. Suppose that each stock-out costs $10 per unit per month that the demand remains unfilled. If demands are filled on a first-come, first-served basis, what is the total stock-out cost incurred during the six months using this type of cost criterion?…
The following data on materials purchased and issued during the month of June were shown: the total units and cost of ending inventory under the periodic inventory system FIFO method should be:\ 2. The conversion cost is
QUESTIONS FOURThe following information was provided by Dzemkple Limited for the two weeks month ofAugust, 2018 for material ZorklaleyStock on 01/08/2018 100 units @ GHc 5 per unitDATE PURCHASES DATE ISSUES05/08/2018 300 units @ GHc 6 per unit 06/08/2018 250 units08/08/2018 500 units @ GHc 7 per unit 10/08/2018 400 units12/08/2018 600 units @ GHc 8 per unit 14/08/2018 500 unitsYou are required to calculate using FIFO and Weighted Average methods of pricing issues:(a) The value of materials consumed during the period(b) The value of stock of materials on the 31/08/2018

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