Under the last-in, first-out (LIFO) inventory valuation method, a price index for inventory must be established for tax purposes. The quantity weights are based on year-ending inventory levels.   Unit Price ($) Product Ending Inventory Beginning Ending A 500 0.15 0.19 B 50 1.40 1.80 C 100 4.50 4.20 D 60 12.00 13.60 Use the beginning-of-the-year price per unit as the base-period price and develop a weighted aggregate index for the total inventory value at the end of the year. (Round your answer to the nearest integer.) I = ?? What type of weighted aggregate price index must be developed for the LIFO inventory valuation? -Paasche index -Laspeyres Index

Please help me with this practice problem. Please be specific on where to put the equations and what equations to use. Thank you

You have electronics store, and you are planning to buy headphones from china. The supplier in china offers you three different prices for the same headphone. The discount you will get is based on the quantity you order.   Below is quotation from the supplier.   PRICE RANGE QUANTITY ORDERED Headphone Price Initial price 0 to 999 $200 Discount price 1 999 to 1999 $150 Discount price 2 2000 and above $100       Annual Headphone Demand (Units) = 20000 Ordering or Setup Cost per Order ($) = 1000 holding cost percentage of unit price = 5%     What should the order quantity be in order to minimize the total annual cost?

a) What is the economic order​ quantity? b) Find the annual holding costs.c) Find the annual ordering costs.d) What is the reorder point?

Grey Wolf Lodge is a popular 500-room hotel in the North Woods. Managers need to keep close tabs on all room service items, including a special pine-scented bar soap. The daily demand for the soap is 275 bars, with a standard deviation of 30 bars. Ordering cost is $10 and the inventory holding cost is $0.30/bar/year. The lead time from the supplier is 5 days, with a standard deviation of 1 day. The lodge is open 365 days a year. a. What is the economic order quantity for the bar of soap? b. What should the reorder point be for the bar of soap if management wants to have a 99 percent cycle-service level? c. What is the total annual cost for the bar of soap, assuming a Q system will be used?

Do you think the safety stock (safety inventory) could be negative? What is the meaning of a negative safety inventory (hint: safety stock is the difference between the optimal inventory and the average demand)?

Grey Wolf Lodge is a popular 500-room hotel in the North Woods. Managers need to keep close tabson all room service items, including a special pine-scented bar soap. The daily demand for the soap is275 bars, with a standard deviation of 30 bars. Ordering cost is $10 and the inventory holding cost is$0.30/bar/year. The lead time from the supplier is 5 days, with a standard deviation of 1 day. The lodgeis open 365 days a year.a. What is the economic order quantity for the bar of soap?b. What should the reorder point be for the bar of soap if management wants to have a 99 percentcycle-service level?c. What is the total annual cost for the bar of soap, assuming a Q system will be used?

What factors should a company consider when deciding whether to adopt the Wilson approach for its inventory management?

To drive more sales of its new LED light bulbs, GreenLED gave customers who sent in the right paperwork, a check for $1 for each light bulb they purchased. This is an example of

A local supermarket sells a popular brand of shampoo at a fairly steady rate of 380 bottles per month. The cost of each bottle to the supermarket is 45 cents, and the cost ofplacing an order has been estimated at $8.50. Assume that holding costs are based ona 25 percent annual interest rate. Stock-outs of the shampoo are not allowed.b. If the procurement lead time is two months, find the reorder point based on the onhand inventory