The Indoor Store presents the following facts pertaining to the cost of one product carried in its merchandise inventory:
Beginning inventory on hand, 200 units @ $15 = $3,000
Purchase June 1, 200 units @$16 = $3,200
Purchase July 5, 200 units @ $20 = $4,000
Purchase August 25, 200 units @ $25 = $5,000
A new order comes in for 500 units. What is the cost of goods sold that should be recorded using a simple weighted average using the LIFO methodology?

A backlog in a MTO company contains a large number of orders of many unique items, in which of the following situations would selection of a random storage location most likely reduce overall efficiency

The amount of time an item may be held in inventory before it becomes unusable

Orders that provides the supplier with forward visibility of the requirements for a component are called

Geller manufacturers a full range of lighting fixtures for the home and office. These are shipped to 4 distribution centers that serve 4 areas of the country. Each distribution center has both automated and manual storage. Which of the following is MOST similar between these 2 areas?

Purchasing several items together in order to lower ordering cost is know as

Distribution replenishment requirements enter a manufacturer＇s planning hierarchy at which of the following planning processes?

An advantage of pre-assigning storage locations upon receipt is

Which of the following order techniques is likely to already incorporate a rounding factor for a part where inventory is in units and purchase orders are for cartons of 100?

Order point and periodic review are examples of which of the following reorder systems?

Accurate inventory levels are mostly influenced by which of the following items?