Given the Forecast and Booked Orders Shown in the Table,and

question 66

Multiple Choice

Given the forecast and booked orders shown in the table,and a beginning inventory of 75,what is the available to promise inventory for period 4? The company operates with a lot size of 50.

• A) 150
• B) 145
• C) 155
• D) 140

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Definitions:

Weighted-Average Method

A cost accounting method that calculates the cost of units produced by averaging the costs of different batches of the units.

Ending Work in Process Inventory

indicates the value of products that are partially completed at the end of an accounting period.

Cost Reconciliation Report

A report that bridges the gap between the opening and closing balances of a job or project, detailing all the costs incurred.

Ending Work in Process Inventory

The total value of partially completed goods that are still undergoing production at the end of an accounting period.