OPERATIONS MANAGEMENT CUSTOM ACCESS
11th Edition
ISBN: 9780135622438
Author: KRAJEWSKI
Publisher: PEARSON EDUCATION (COLLEGE)
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Question
Chapter 12, Problem 7P
A
Summary Introduction
Interpretation: The average aggregate inventory value
Concept Introduction: Average inventory is the average value of specific goods within a particular time period. It may vary from median. It is calculated by averaging the sum of the number of points within the starting and ending values.
B
Summary Introduction
Interpretation: The number of weeks of supply is to be calculated
Concept Introduction: Average inventory is the average value of specific goods within a particular time period. It may vary from median. It is calculated by averaging the sum of the number of points within the starting and ending values.
C
Summary Introduction
Interpretation: The inventory turnover of last year is to be calculated.
Concept Introduction: Average inventory is the average value of specific goods within a particular time period. It may vary from median. It is calculated by averaging the sum of the number of points within the starting and ending values.
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19. SPRAY-PAINT INVENTORY The Graphic Hobby House made purchases of assorted
colors of spray paint during the year as follows.
Beginning inventory 200 cans at $2.20
March 400 cans at $2.40
May 700 cans at $2.00
August 500 cans at $2.30
November 300 cans at S2.60
At the end of the year, they had 450 cans of spray paint in stock.
(a) Find the inventory value using the weighted-average method.
(b) Find the inventory value using the FIFO method.
(c) Find the inventory value using the LIFO method.
Chapter 12 Solutions
OPERATIONS MANAGEMENT CUSTOM ACCESS
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