Jack Ltd is a market leader in the manufacture of apple juice. They operate a reorder level system of inventory management, and the following information is available for green apples: Average usage 800 per dayMinimum usage 450 per dayMaximum usage 1260 per dayLead time for replenishment 16-20 dayReorder quantity 19,500 apples a) Calculate the reorder level b) Calculate the maximum level of inventory c) Calculate the minimum (buffer) inventory level

Jack Ltd is a market leader in the manufacture of apple juice. They operate a reorder level system of inventory management, and the following information is available for green apples: Average usage 800 per dayMinimum usage 450 per dayMaximum usage 1260 per dayLead time for replenishment 16-20 dayReorder quantity 19,500 apples a) Calculate the reorder level b) Calculate the maximum level of inventory c) Calculate the minimum (buffer) inventory level

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter3: Setting Up A New Company

Section: Chapter Questions

Problem 1.3C

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Take me to the text A. Young Radio has an inventory turnover ratio of 7.4, while its competitor, Deej Radio, has an inventory turnover ratio of 2.3. Calculate the inventory days on hand for both companies. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Company Inventory Days on Hand A. Young Radio Deej Radio Check
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A domestic appliance retailer with multiple outlets sells a popular toaster known as the Autocrisp 2000, for which the following information is available: Average sales 75 per day Maximum sales 95 per day Minimum sales 50 per day Lead time 12-18 days Reorder quantity 1,750 6.3 Based on the data above, at what level of inventory would a replenishment order be issued? A 600 units B 1,125 units C 1,710 units D 1,750 units
A domestic appliance retailer with multiple outlets sells a popular toaster known as the Autocrisp 2000, for which the following information is available: Average sales 75 per day Maximum sales 95 per day Minimum sales 50 per day Lead time 12-18 days Reorder quantity 1,750 Based on the data above, what is the maximum inventory level? A 1,750 units B 2,275 units C 2,860 units D 2,900 units
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I need help solving the following (Please Show Calculations, so I know what you did): Calculate the ending inventory and cost of goods sold using the FIFO method. Note: I also attached an example of how the chart should look like, please follow that example.
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