During January, a Company That Uses a Perpetual Inventory System

question 18

Essay

During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows:
$$\begin{array} { | r | r | r | r | } \hline & & \text { Units } & \text { Cost per unit } \\\hline & \text { Begin Invenitory } & 100 & 12 \\\hline \text { Jan } 5 & \text { Sale } & 50 & \\\hline 10 & \text { Purchase } & 70 & 16 \\\hline 15 & \text { Sale } & 25 & \\\hline 25 & \text { Sale } & 35 & \\\hline\end{array}$$ Prepare a schedule to show the cost of goods sold and ending inventory using the moving weighted average method of costing rounding calculations to two decimals.

Recognize the importance of succession planning in family businesses and its challenges.

Understand the basics of ladder logic programming and its components.

Interpret and apply Boolean logic to ladder logic designs.

Identify and describe the function of various ladder logic symbols and instructions.

---

Definitions:

SCM

Supply Chain Management involves the management and control of materials, information, and financial flows from the supplier through to the manufacturer, then on to the wholesaler and retailer, and ultimately to the consumer.

Source Component

In software, a fundamental piece of code or module that contributes to the functionality of a larger application or system.

Product Or Service

Any offering that can be sold to a customer to fulfill their needs or desires, including tangible goods and intangible services.

SCM

The process of overseeing the movement of goods, information, and money from the beginning of the supply chain with suppliers, through manufacturers and wholesalers, down to retailers and finally consumers, is known as Supply Chain Management.