CYCLE COUNTING AT COLE’S TRUCKS, INC. Cole’s Trucks, Inc., a builder of high-quality refuse trucks, has about 5,000 items in its inventory. Itwants to determine how many items to cycle count each day. APPROACH c After hiring Matt Clark, a bright young OM student, for the summer, the firm deter-mined that it has 500 A items, 1,750 B items, and 2,750 C items. Company policy is to count all A items every month (every 20 working days), all B items every quarter (every 60 working days), and all C itemsevery 6 months (every 120 working days). The firm then allocates some items to be counted each day.

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Please do not give solution in image format thanku What are order cycle costs if annual demand is 8,000 units, with the following order quantities and annual order cost is $97? a. Order quantity of 1,000 = b. Order quantity of 500 = C. Order qty of 8,000 =

a) The average monthly demand requirement = ____units (round to nearest whole​ number.) B) The total stockout cost​ = ​$____(nearest whole number) C) The total inventory carrying cost​ = ​$____(nearest whole number) D) The total​ cost, excluding normal time labor​ costs, is​ = ​$_____(nearest whole number)

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Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this product is 5,000 units; carrying cost is $50 per unit per year; order costs for his company typically run nearly $30 per order; and lead time averages 10 days. (Assume 250 working days per year.) a) The economic order quantity is 77 units (round your response to the nearest whole number). b) The average inventory is units (round your response to the nearest whole number). c) The optimal number of orders per year is orders (round your response to the nearest whole number). d) The optimal number of working days between orders is days (round your response to two decimal places). e) The total annual inventory cost (carrying cost + ordering cost) is $ (round your response to two decimal places). f) The reorder point is units (enter your response as a whole number).

Bhatti Company produces plastic photo frames. Two departments, molding and finishing, are involved in the manufacturing. The molding department fills the molds with hot liquid plastic that is left to cool and then opens them. The finishing department removes the plastic frame from the mold and strips the edges of the frames of extra plastic. The following information is available for the month of January: January 1 Quantity (pounds) January 31 Quantity (pounds) Work-in-Process Inventory Cost Cost Molding department Finishing department None None 5,000 $ 15,000 2,000 The WIP Inventory in the finishing department is estimated to be 40% complete for conversion both at the beginning and end of January. Costs of production for January follow: Direct Costs of Production Materials Conversion Molding department Finishing department $ 450,000 $ 90,000 80,290 The molding department started 50,000 pounds of product in January. The firm uses the FIFO method of process costing. Required: 1. Prepare…

A what is the inventory turnover for the hamburger patties? B. On average, how many days of supply are on hand?

Explore the role and implications of safety stock within the framework of the Wilson approach for effective inventory control.

Explain Planning and Replenishment concepts related to Independent demand inventory?