Use the Following Information for Questions 64 Through 69

question 86

Multiple Choice

Use the following information for questions 64 through 69.
The following data are provided: Additional information:
Depreciation included in cost of goods sold and operating expenses is $610,000. On May 1, 2015, 30,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2015.
-The inventory turnover for 2015 is

• A) 6,400 ÷ 1,300.
• B) 4,200 ÷ 1,300.
• C) 6,400 ÷ 1,200.
• D) 4,200 ÷ 1,200.

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Definitions:

Resource Requirements Planning

The process of determining what resources (materials, equipment, and labor) are required and when they are needed to support the production schedule.

Project Layout

The arrangement and organization of elements within a project, including scheduling, resources, and tasks, to ensure efficient completion.

Fixed Location Layout

A facility arrangement strategy where resources such as equipment and personnel are fixed in location, optimal for processes involving heavy or immovable items.

Product-Focused Layout

A layout strategy in manufacturing where facilities are organized around the production of a specific product or group of products.