Materials Requirements Planning (Mrp) Normally Would Use All of the Following

question 67

Multiple Choice

Materials requirements planning (mrp) normally would use all of the following inputs except:

• A) master production schedule (MPS)
• B) bill of materials
• C) routing file
• D) raw materials inventory status data

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as beginning inventory plus purchases minus cost of goods sold.

Net Realizable Value

Net Realizable Value is the estimated selling price of goods, minus the estimated costs of completion and necessary selling costs, used for inventory valuation and accounts receivable.

Inventory

The merchandise and supplies a company maintains with the end purpose of selling or manufacturing.

Periodic Inventory System

A method of inventory management where inventory levels and cost of goods sold are updated in the accounting records on a periodic basis, such as monthly or annually.