Inventory Type Description In an automobile plant, this inventory includes the engines, wheel and tire assemblies, and dashboards waiting to be installed in new cars. Uncooked meat patties and potatoes are examples of this inventory in a fast-food restaurant Raw materials Finished goods Work-in-process Read the following brief case study and answer the questions that follow it. CASE STUDY Brad Leong, Danny Fukubo, and Sam Gordon are the inventors of the Oona, a stand that allows people to position their smartphones in almost endless configurations. The Dona is made of nitcraft-grade aluminum, with suction cups of low shore durometer silicone Designed to utilize all the functions of a smartphone, the one is easily moved from place to place, attaching to surfaces from car windshields to tripods. Alter designing the product, the three inwentors raised money for their first production run on Kickstarter, an online funding platform for inventors. When pledges closed, the company had raised $131,220 from 3,915 backers--the eighth highest amount in Kickstarter's history Then the hard work of manufacturing large volumes of the Oona began. Brad, Danny, and Sam contracted with one manufacturer to create the aluminum body and base of the Oona and another to create the product's suction cups. After working out quality issues with several product samples, the inventors authorized a manufacturing run based on the initial Oona orders hapter 18 Assignment CASE STUDY Brad Leong, Danny Fukuba, and Sam Gordon are the inventors of the Oona, a stand that allows people to position their smartphones in almost endless configurations. The Oona is made of aircraft grade aluminum, with suction cups of low shore durometer silicone. Designed to utilize all the functions of a smartphone, the Oana is easily moved from place to place, attaching to surfaces from ear windshields to tripods. Alter designing the product, the three inventors raised money for their first production run on Kickstarter, an online funding platform for inventors. When pledges closed, the company had raised $131,220 from 3,915 backers-the eighth highest amount in Kickstarter's history. Then the hard work of manufacturing large volumes of the Oona began. Brad, Danny, and Sam contracted with one manufacturer to create the aluminum body and base of the Oona and another to create the product's suction cups. After working out quality issues with several product samples, the inventors authorized a manufacturing run based on the initial Oona orders If the manufacturers chosen by Brad, Danny, and Sam order raw materials only as they receive purchase orders for the Oona, they are likely to be using: A just in time inventory system An economic order quantity system O A materials requirement planning system An inventory turnover system This inventory system will help reduce the cost of storing inventory until the product is sold; that is, it will reduce the company's cost