Just - in - Time Inventories Nevada Manufacturing Company uses the perpetual inventory system and plans to
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JustinTime Inventories Nevada Manufacturing Company uses the perpetual inventory system and plans to use raw material costing $ in making its products. Nevada will operate its factory
days during the year. Currently, Nevada follows the justincase philosophy with its raw materials inventory, keeping raw materials costing $ in its raw materials inventory. Nevada plans to switch to the justintime manufacturing philosophy by keeping only the raw materials needed for the next two days of production. Calculate the new raw materials inventory level after Nevada implements the justintime manufacturing philosophy.
Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
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