Table 6-5
Assume the Following Data for Kruger Sales for November

question 118

Essay

Table 6-5
Assume the following data for Kruger Sales for November 2019: $\begin{array}{ll}\text { Beginning inventory Nov. } 1 & 5 \text { units at } \$ 90 \text { each } \\\text { Sale Nov. } 3 & 3 \text { units at } \$ 120 \text { each } \\\text { Nov. } 6 \text { purchase } & 11 \text { units at } \$ 95 \text { each } \\\text { Sale Nov. } 8 & 4 \text { units at } \$ 120 \text { each } \\\text { Sale Nov. } 9 & 3 \text { units at } \$ 120 \text { each }\end{array}$
On November 30, a physical count reveals 6 units on hand.
-Refer to Table 6-5. Calculate ending inventory for Kruger Sales assuming the weighted-average-cost method is being used and a periodic inventory system.

Describe the part-period balancing technique in MRP and its purpose in lot sizing.

Discuss the integration of MRP and JIT systems and their mutual benefits.

Differentiate between gross and net requirements plans and their implications in MRP.

Understand the major perspectives and foundational theories of psychology.

---

Definitions:

Extreme Values

Data points that are significantly higher or lower than the majority of the data in a dataset.

Interquartile Range

A measure of variability, based on dividing a data set into quartiles, that describes the middle 50% of the distribution.

Data Set

An aggregation of interconnected data sets, which are made up of distinct pieces, yet can be operated on as a single entity by a computer.

Positively Skewed

Positively Skewed, also known as right-skewed, describes a distribution where the tail on the right side of the histogram is longer or fatter than the left side, indicating that the mean and median are greater than the mode.