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Digitex Inc had sales of 6000 units in March A 50 percent increase is expected in April The company will maintain 5 percent of expected unit sales for April in ending inventory Beinning inventory fo?
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∙ 14y ago
Digitex, Inc.
Projected sales 9000(6000x1.5)
+desired ending inventory 450(5%of 9000)
-Beginning inventory..... 200units
Units to be produced.... 9,250 units
Ramandeep Gill
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Why do you need to keep inventory?
to maintain the risk of demand uncertainity in an organization
Is merchandise inventory considered an asset?
Yes merchandise inventory is asset for business which company maintain for sale purpose and to earn revenue.
What is meant by purge inventory?
Purging inventory is a specific way to maintain your business efficiently. This is basically going through and getting rid of old, unwanted, or missing merchandise from your inventory sheet.
What is main achievements of inventory control?
Main Achievements in Inventory Control is to maintain the Inventory at Optimum Level ( Neither high nor less) . Sale of the company never loss and arrange the Stock to customer as soon as possible at minimum cost .
What is the purpose of inventory reports?
To maintain all the account details ,verify the current stock details and credit and debits.
Is inventory considered an asset?
Yes merchandise inventory is asset for business which company maintain for sale purpose and to earn revenue.
Why do you need to keep inventory?
to maintain the risk of demand uncertainity in an organization
Is merchandise inventory considered an asset?
Yes merchandise inventory is asset for business which company maintain for sale purpose and to earn revenue.
What is meant by purge inventory?
Purging inventory is a specific way to maintain your business efficiently. This is basically going through and getting rid of old, unwanted, or missing merchandise from your inventory sheet.
The resource management planning process includes the following steps?
Maintain resource inventory
What is main achievements of inventory control?
Main Achievements in Inventory Control is to maintain the Inventory at Optimum Level ( Neither high nor less) . Sale of the company never loss and arrange the Stock to customer as soon as possible at minimum cost .
Why is it important to observe Economic order quantity?
To maintain optimum level of inventory and to reduce working capital
Is it good for a company to have a lot of inventory at the end of the year?
A company should always maintain anadequate supply of inventory for production or sales needs. However, in some places, there is an inventory tax based on year-end inventory. In this case, you would want to reduce inventory toward the end of the year with replenishments scheduled to arrive shortly thereafter.
What is a quality inventory control software for retail stores?
Retail stores use quality inventory control software to maintain control over their inventory and sales. In order to provide the customer with a product while maintaining a profit, inventory control is imperative. Inventory control software saves time, allows the customer to obtain a product quickly and, ultimately, increases profit.
What is the purpose of inventory reports?
To maintain all the account details ,verify the current stock details and credit and debits.
A blank is used to scan bar codes on products to maintain inventory or at the point of sale?
Replace the word 'blank' with 'scanner'
What is the job description for an inventory specialist?
It is the responsibility of the inventory specialist to compile and maintain records of the quantity, type, and value of the supplies of a company. Generally, their duties and responsibilities focus on all aspects of inventory movement including product sales, re-stocking, and accounting for every item in the warehouse.
