A table of data is presented for cost of goods sold and ending inventory for the first
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A table of data is presented for cost of goods sold and ending inventory for the first 6 months of 2002 for Wynn Manufacturing company.
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Calculate the number of days of cost of goods sold held in inventory for March, April; May, and June, assuming quarterly cost of goods sold is used to calculate average daily cost of goods sold. ii. Discuss your findings in part (i). What is happening with the firm's investment in inventory? iii. Below is a purchasing schedule and a schedule showing the shillings amount of those purchases remaining as an inventory balance for successive months Calculate a balance fraction matrix and discuss what it shows about the firm's management of its inventor balance. i. Ending Inventory Balances Apr 174 Purchases 1,650 2,280 2,880 3,740 5,190 NA Feb Mar May June. Feb 330 Mar 456 234 Apr May June Ending of month inventory 576 302 748 402 1,038 1,440 630 810 1,050 iv. Explain the disparity between the conclusions reached in part (ii) and part (ii). Which monitoring tool is more accurate and why? Calculate the number of days of cost of goods sold held in inventory for March, April; May, and June, assuming quarterly cost of goods sold is used to calculate average daily cost of goods sold. ii. Discuss your findings in part (i). What is happening with the firm's investment in inventory? iii. Below is a purchasing schedule and a schedule showing the shillings amount of those purchases remaining as an inventory balance for successive months Calculate a balance fraction matrix and discuss what it shows about the firm's management of its inventor balance. i. Ending Inventory Balances Apr 174 Purchases 1,650 2,280 2,880 3,740 5,190 NA Feb Mar May June. Feb 330 Mar 456 234 Apr May June Ending of month inventory 576 302 748 402 1,038 1,440 630 810 1,050 iv. Explain the disparity between the conclusions reached in part (ii) and part (ii). Which monitoring tool is more accurate and why?
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Answer rating: 100% (QA)
Average daily COGS quarterly COGSm1COGSm2COGSm390 Average daily COGS in Inventory Closing Inve... View the full answer
Related Book For
Elementary Statistics
ISBN: 978-0538733502
11th edition
Authors: Robert R. Johnson, Patricia J. Kuby
Posted Date:
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