I. SHORT ANSWER Questions 1. What does MPOUS stand for? (1.5 pts) 2. Which one below is NOT normally considered as part of Inventory Carrying Costs (1.5 pts) a. Housing costs b. Material handling costs c. Pilferage, space, and obsolescence d. Investment costs (borrowing costs, taxes, and insurance on inventory) e. None of above 3. Companies A and B have reported their inventory turns are 4.6 and 3.1, respectively. Which company is managing inventory more efficiently? Why? (2 pts) 4. Define (1) Inventory Turnover and (2) number of days inventory on hand based on the following data found in 2014: (show your work) (3 pts) a. Cost of goods sold - $300 million b. Production raw materials and part = $5 millions C. Work-in-process parts in the facility = $18 millions d. Finished products in storage and shipping area = $13 millions I. SHORT ANSWER Questions 1. What does MPOUS stand for? (1.5 pts) 2. Which one below is NOT normally considered as part of Inventory Carrying Costs (1.5 pts) a. Housing costs b. Material handling costs c. Pilferage, space, and obsolescence d. Investment costs (borrowing costs, taxes, and insurance on inventory) e. None of above 3. Companies A and B have reported their inventory turns are 4.6 and 3.1, respectively. Which company is managing inventory more efficiently? Why? (2 pts) 4. Define (1) Inventory Turnover and (2) number of days inventory on hand based on the following data found in 2014: (show your work) (3 pts) a. Cost of goods sold - $300 million b. Production raw materials and part = $5 millions C. Work-in-process parts in the facility = $18 millions d. Finished products in storage and shipping area = $13 millions