a. In what periods are there planned order releases? b. What happens to the timing, number of planned order releases, and average inventory (for periods 1 through 6) if 15 units of safety stock are required? c. What happens to the timing, number of planned order releases, and average inventory (for periods 1 through 6) if a one-week safety lead time is used instead of the safety stock?
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- Akira Company had the following transactions for the month. Calculate the ending inventory dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)Suppose the following:Beginning Inventory = 11257Ending Inventory= 12407Beginning Receivables = 6167Ending Receivables = 6879Beginning Payables = 8498Ending Payables = 8829Credit Sales = 93480Cost of Goods Sold = 72325Calculate the following (round final answers to 2 decimal places):Operating Cycle = daysCash Cycle = daysUse the following information to calculate the value of inventory on hand on April 30 and issue price to production during April using FIFO inventory system. 01-April Beginning Inventory50 units @ R15 per unit 5 April Purchase 135 units @ 20 per unit 9 april: Issue to production 95 units 11 april : Purchase 30 units @ R16 per unit 16 April Purchase: 78 units @ R17per unit20 20 April Issue to production :125 units 30 April Issue to production 65 units
- A products demand in each period follows a Normal distribution with mean of 60 and standard deviation of 10. The order up to level S is 204. Lead time is 2 periods. What is the expected on hand inventory ? Show all formulas used, calculations and results. Do on Black Bd b. What is the stoch out probability. Show all formulas used, calculations and results. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).10. XYZ has developed the following data from its Material A Safety stock Average (normally) daily use 280 240 180 1.000 200 Maximum daily use Minimum daily use EOQ Cost of placing an order Working days per year P20 250 days Lead time 6 days What is the average inventory?Weighted Average Cost Method with Perpetual InventoryThe beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are as follows:DateTransactionNumberof UnitsPer UnitTotalJan. 1Inventory7,500$75.00$562,50010Purchase22,50085.001,912,50028Sale11,250150.001,687,50030Sale3,750150.00562,500Feb. 5Sale1,500150.00225,00010Purchase54,00087.504,725,00016Sale27,000160.004,320,00028Sale25,500160.004,080,000Mar. 5Purchase45,00089.504,027,50014Sale30,000160.004,800,00025Purchase7,50090.00675,00030Sale26,250160.004,200,000Required:1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 5, using the weighted average cost method. Round unit cost to two decimal places, if necessary. Round all total cost amounts to the nearest dollar.Midnight SuppliesSchedule of Cost of Goods SoldWeighted Average Cost MethodFor the Three Months Ended March 31 PurchasesCost of Goods…
- Please refer to the picture below for information. Kindly show the complete solution using MS Excel or Table. Thank you so much. Question: Using Periodic system and FIFO method, and Perpetual system and FIFO Method what is the amount of inventory as of December 31, respectively.? Choices For Periodic system/FIFO Method: a. P59,000 b. P57,000 c. P61,600 d. P60,210 Choices for Perpetual System/FIFO Method: a. P59,000b. P57,000c. P61,600d. P60,210A company reported the following June activity for its VC-30 lubricant, which had a balance of 310 qts. @ $2.60 per quart on June 1. Purchases: Jun. 10 510 qts @ $2.70 Jun. 14 410 qts @ $2.80 Jun. 20 410 qts @ $2.85 Sales: Jun. 3 220 qts Jun. 12 510 qts Jun. 26 310 qts What is the ending inventory assuming LIFO and a periodic inventory system?2. Consider the following transactions for DeTrees Company for the month shown in chronological order: Number of Units Unit Cost Sales Beginnig inventory 100 $66 Puchased 80 75 Sold 50 $120 Sold 25 125 Ending inventory 105 In the table below, calculate the dollar value for the period for each of the following items using the listed cost allocation methods and using perpetual inventory updating. PLEASE NOTE: All dollar amounts will be rounded to whole dollars using "$" with commas as needed (i.e. $12,345), except for the Weighted Average cost per unit,…
- The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are as follows. Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 5, using the weighted average cost method. Round unit cost to two decimal places, if necessary. Round all total cost amounts to the nearest dollar. 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. Total sales $_______________ Total cost of goods sold $_______________ Gross profit $_______________ 3. Determine the ending inventory cost as of March 31.$___________ABC Traders had the following data for Product Pink on June 20X1:Beginning balance 100 boxes at P50Purchases:June 4 90 boxes @ P55June 14 110 boxes @ P60SalesJune 7 120 boxesJune 20 80 boxesJune 27 50 boxesHow much is the ending inventory under average perpetual? a. 2,750 b. 2,758 c. 2,852 d. 3,000Use the following information regarding Skysong, Inc. and Kingbird, Inc. to answer the question “Which amount is equal to Skysong, Inc.'s "days in inventory" for 2022 (to the closest decimal place)?” (Use 365 days for calculation.) * Year Inventory Turnover Ending Inventory Skysong, Inc. 2020 * $26800 * 2021 10.6 $31400 * 2022 10.2 $32400 * Kingbird, Inc. 2020 * $26340 * 2021 8.5 $25230 * 2022 9.2 $23010