Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Using the data in the images, compute the inventory value of each product by multiplying the quantity on hand by the purchase cost. sort the data in decreasing order of inventory value and compute the percentage of total inventory value for each product and cumulative percentage.

Using the data in the images, compute the inventory value of each product by multiplying the quantity on hand by the purchase cost. sort the data in decreasing order of inventory value and compute the percentage of total inventory value for each product and cumulative percentage.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
Question

Using the data in the images, compute the inventory value of each product by multiplying the quantity on hand by the purchase cost. sort the data in decreasing order of inventory value and compute the percentage of total inventory value for each product and cumulative percentage.

Paste Clipboard Z 1 Arial 12 AA BIUA X Font fx A B Bicycle Inventory 17 > Alignment Wrap Text Merge & Center C D E 17 General $ % 9 Number €.0.00 .00 .0 Inser # Delet Conditional Format as Cell Formatting A Table Styles Form Styles Cell F G H 1 Leisure 2 Mtn. ID Product Category Product Name Purchase Cost Selling Price Blue Moon Bluff Breaker Supplier uantity on Hand $75.29 $105.41 Simpson's Bike Supply $375.00 $495.00 The Bike Path 3 Leisure Breeze $89.95 $130.95 The Bike Path 4 Leisure Breeze LE $109.95 $149.95 The Bike Path 5 Road Classic 109 $207.49 $290.49 Bicyclist's Choice 6 Children Coolest 100 $69.99 $97.98 Bicyclist's Choice 434576 7 Mtn. Eagle 1 $410.01 $574.01 Bike-One 1 8 Mtn. Eagle 2 $401.11 $561.54 Bike-One 9 Mtn. Eagle 3 $350.52 $490.73 10 Hybrid Eagle 7 $150.89 $211.46 Bike-One Bike-One 11 Road Elegant 210 $281.52 $394.13 Bicyclist's Choice 2597 12 Children Green Rider $95.47 13 Mtn. Jetty Breaker $455.95 $133.66 Simpson's Bike Supply $649.95 4 The Bike Path 1 14 Children Red Rider $15.00 MonthlyProductSales BicycleInventory PurchaseOrders $25.50 Simpson's Bike Supply FormControls 8 ect destination and press ENTER or choose Paste Type here to search L L N 2 о NEW X +
Transcribed Image Text:Paste Clipboard Z 1 Arial 12 AA BIUA X Font fx A B Bicycle Inventory 17 > Alignment Wrap Text Merge & Center C D E 17 General $ % 9 Number €.0.00 .00 .0 Inser # Delet Conditional Format as Cell Formatting A Table Styles Form Styles Cell F G H 1 Leisure 2 Mtn. ID Product Category Product Name Purchase Cost Selling Price Blue Moon Bluff Breaker Supplier uantity on Hand $75.29 $105.41 Simpson's Bike Supply $375.00 $495.00 The Bike Path 3 Leisure Breeze $89.95 $130.95 The Bike Path 4 Leisure Breeze LE $109.95 $149.95 The Bike Path 5 Road Classic 109 $207.49 $290.49 Bicyclist's Choice 6 Children Coolest 100 $69.99 $97.98 Bicyclist's Choice 434576 7 Mtn. Eagle 1 $410.01 $574.01 Bike-One 1 8 Mtn. Eagle 2 $401.11 $561.54 Bike-One 9 Mtn. Eagle 3 $350.52 $490.73 10 Hybrid Eagle 7 $150.89 $211.46 Bike-One Bike-One 11 Road Elegant 210 $281.52 $394.13 Bicyclist's Choice 2597 12 Children Green Rider $95.47 13 Mtn. Jetty Breaker $455.95 $133.66 Simpson's Bike Supply $649.95 4 The Bike Path 1 14 Children Red Rider $15.00 MonthlyProductSales BicycleInventory PurchaseOrders $25.50 Simpson's Bike Supply FormControls 8 ect destination and press ENTER or choose Paste Type here to search L L N 2 о NEW X +
Paste Clipboard Z 1 Arial 12 AA BIUA X Font fx A B Bicycle Inventory 17 > Alignment Wrap Text Merge & Center C D E 17 General $ % 9 Number €.0.00 .00 .0 Inser # Delet Conditional Format as Cell Formatting A Table Styles Form Styles Cell F G H 1 Leisure 2 Mtn. ID Product Category Product Name Purchase Cost Selling Price Blue Moon Bluff Breaker Supplier uantity on Hand $75.29 $105.41 Simpson's Bike Supply $375.00 $495.00 The Bike Path 3 Leisure Breeze $89.95 $130.95 The Bike Path 4 Leisure Breeze LE $109.95 $149.95 The Bike Path 5 Road Classic 109 $207.49 $290.49 Bicyclist's Choice 6 Children Coolest 100 $69.99 $97.98 Bicyclist's Choice 434576 7 Mtn. Eagle 1 $410.01 $574.01 Bike-One 1 8 Mtn. Eagle 2 $401.11 $561.54 Bike-One 9 Mtn. Eagle 3 $350.52 $490.73 10 Hybrid Eagle 7 $150.89 $211.46 Bike-One Bike-One 11 Road Elegant 210 $281.52 $394.13 Bicyclist's Choice 2597 12 Children Green Rider $95.47 13 Mtn. Jetty Breaker $455.95 $133.66 Simpson's Bike Supply $649.95 4 The Bike Path 1 14 Children Red Rider $15.00 MonthlyProductSales BicycleInventory PurchaseOrders $25.50 Simpson's Bike Supply FormControls 8 ect destination and press ENTER or choose Paste Type here to search L L N 2 о NEW X +
Transcribed Image Text:Paste Clipboard Z 1 Arial 12 AA BIUA X Font fx A B Bicycle Inventory 17 > Alignment Wrap Text Merge & Center C D E 17 General $ % 9 Number €.0.00 .00 .0 Inser # Delet Conditional Format as Cell Formatting A Table Styles Form Styles Cell F G H 1 Leisure 2 Mtn. ID Product Category Product Name Purchase Cost Selling Price Blue Moon Bluff Breaker Supplier uantity on Hand $75.29 $105.41 Simpson's Bike Supply $375.00 $495.00 The Bike Path 3 Leisure Breeze $89.95 $130.95 The Bike Path 4 Leisure Breeze LE $109.95 $149.95 The Bike Path 5 Road Classic 109 $207.49 $290.49 Bicyclist's Choice 6 Children Coolest 100 $69.99 $97.98 Bicyclist's Choice 434576 7 Mtn. Eagle 1 $410.01 $574.01 Bike-One 1 8 Mtn. Eagle 2 $401.11 $561.54 Bike-One 9 Mtn. Eagle 3 $350.52 $490.73 10 Hybrid Eagle 7 $150.89 $211.46 Bike-One Bike-One 11 Road Elegant 210 $281.52 $394.13 Bicyclist's Choice 2597 12 Children Green Rider $95.47 13 Mtn. Jetty Breaker $455.95 $133.66 Simpson's Bike Supply $649.95 4 The Bike Path 1 14 Children Red Rider $15.00 MonthlyProductSales BicycleInventory PurchaseOrders $25.50 Simpson's Bike Supply FormControls 8 ect destination and press ENTER or choose Paste Type here to search L L N 2 о NEW X +
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
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
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
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS