Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these itemsinto ABC classifications. Fill in the blanks and then answer the following questions. (Round dollar volume to the nearest wholenumber and percentage of dollar volume to two decimal places.)Dollar% of Total DollarItemAnnual Demand Cost/UnitVolumeVolumeA210120B840001248,00067,5005.65C71500457.94D1200044E910002020,0002.35F32540G22001500300,00035.29Н26002012,0001.41151000300J8250012,5001.47

Name: Boreki Enterprise has the following 10 items in inventory. Theodore B
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Description: Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these itemsinto ABC classifications. Fill in the blanks and then answer the following questions. (Round dollar volume to the nearest

Solution: Item Annual Demand Cost/unit Dollar volume % of Total Dollar Volume A2 10 120 1200…

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Accounting

Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these into ABC classifications. Fill in the blanks and then answer the following questions. (Round dollar volume to the nearest who number and percentage of dollar volume to two decimal places.) Dollar % of Total Dollar Item Annual Demand Cost/Unit Volume Volume A2 10 120 B8 4000 48,000 67,500 12 5.65 C7 1500 45 7.94 D1 2000 44 E9 1000 20 20,000 2.35 F3 25 40 G2 200 1500 300,000 12,000 35.29 H2 600 20 1.41 15 1000 300 J8 2500 12,500 1.47

Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these into ABC classifications. Fill in the blanks and then answer the following questions. (Round dollar volume to the nearest who number and percentage of dollar volume to two decimal places.) Dollar % of Total Dollar Item Annual Demand Cost/Unit Volume Volume A2 10 120 B8 4000 48,000 67,500 12 5.65 C7 1500 45 7.94 D1 2000 44 E9 1000 20 20,000 2.35 F3 25 40 G2 200 1500 300,000 12,000 35.29 H2 600 20 1.41 15 1000 300 J8 2500 12,500 1.47

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 11PA: Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company,...

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