14. Given the following date, calculate the open to buy. Sales: Reductions: Ending Inventory: Markup at Retail On Order Cost Beginning Inventory: 1,500,000; Increase sales by 20% 10% of sales 20% less than beginning inventory 50,000 60% 250,000
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- When prices are rising (inflation), which costing method would produce the highest value for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)1 A firm uses an inventory item with the following characteristics. Cost per-item $ 6.00 Annual consumption 1,000 Fixed cost per order placed $30.00 Carrying cost of inventory (as a % of dollar value) 25% How many times should the product be reordered each year and what are the related ordering and carrying costs of inventory?3. The Inventory Company' data are as follows: Average re-order period Optimum number of orders per year Average daily usage Cost to store one unit per year Cost of stock out per unit per time` Usage during re-order period 80 90 100 115 125 150 175 Frequency 4 6 10 35 20 15 10 25 days 10 per year 4 units $5 P20 0
- Given the following informations annual sales in units 30,000 cost of placing an order $60,00 per unit carrying costs $ 1.50 Existing units of safety stock 300 a what is the EOQ? b. what is the average inventory based on the EOQ and the existing safety stock c. what is the maximum level of inventory? d. how many orders are placed each year?Problem 12a: Fullerton IV Company has had a policy of reordering inventory every 30 days. Using the data below, what is the economic order quantity EOQ? Ordering cost F $10 per order Carrying cost C 20% of purchase price Purchase price P $10 per unit Total sales per year S 1,000 units Safety stock 0 Days per year 360 Problem 12b: Continuing with the previous question, what is the total inventory cost, TIC? Problem 12c: Continuing with the previous questions, how many orders should Fullerton place per year?= $ 15, Assume that D = 5,000, k = $ 186, c = and five setups (orders) are required per year. What is the percentage per unit per year of the implicit cost of holding inventory? (result in percentage)
- 14) Use the following formulas: SELL THRU PERCENT (ST%) = SALES/BOH BOH = Beginning of week on hand inventory REC = Receipts EOH = Ending of week on hand inventory Below are the numbers for LAST week: SALES = 8,500 BOH = 56,700 REC = 4,500 EOH = 52,700 If a Buyer expected to have a 12% ST% NEXT week. How many dresses are they planning to sell?A company normally sells it products for $20 per unit, which includes a profit margin of 25%. However, theselling price has fallen to $15 per unit. This company's current inventory consists 200 units purchased at $16per unit. Replacement cost has now fallen to $13 per unit. Calculate the value of inventory at the lower ofcost or market.a. $2,550.b. $2,600.c. $2,700.d. $3,000.e. $3,200.A company wishes to establish an EOQ for an item for which the annual demandis $800,000, the ordering cost is $32, and the cost of carrying inventory is 20%.Calculate the following:a. The EOQ in dollars.b. Number of orders per year.c. Cost of ordering, cost of carrying inventory, and total cost.d. How do the costs of carrying inventory compare with the costs of ordering?
- The order cost per order of an inventory is OMR. 60 with an annual carrying cost of OMR. 4 per unit. The annual demand is 12000 units. Calculate: Economic Ordering Quantity, Number of Orders per year and Ordering cost per year. a. 500 units, 20 Orders and 1200 OMR b. 480 units, 20 Orders and 1500 OMR c. 400 units, 20 Orders and 1800 OMR d. 600 units, 20 Orders and 1200 OMRGiven the following information: Annual sales in units 40,000 Cost of placing an order $58.00 Per-unit carrying costs $2.30 Existing units of safety stock 600 What is the EOQ? Round your answer to the nearest whole number. units What is the average inventory based on the EOQ and the existing safety stock? Use the rounded value of the EOQ from the previous question in your calculations. Round your answer to the nearest whole number. units What is the maximum level of inventory? Use the rounded value of the EOQ from the previous questions in your calculations. Round your answer to the nearest whole number. units How many orders are placed each year? Use the rounded value of the EOQ from the previous questions in your calculations. Round your answer to the nearest whole number. orders per yearConsider the following information for costing purposes: Sales P80,000; Opening Inventory P10,000; Net Purchases P45,000; and Cost of Goods Sold P50,000. Determine the Ending Inventory.a. P10,000b. P15,000c. 5,000d. 25,000
