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Using a Three-Month Moving Average (With Weights of 6,3,and 1

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Using a three-month moving average (with weights of 6,3,and 1 for the most current value,next most current value and oldest value,respectively) ,the forecast value for November in the following time series is ____________. Using a three-month moving average (with weights of 6,3,and 1 for the most current value,next most current value and oldest value,respectively) ,the forecast value for November in the following time series is ____________.   A) 11.60 B) 10.00 C) 9.67 D) 8.06 E) 8.60

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Definitions:

Ending Work in Process

The value of partially completed goods at the end of an accounting period, comprising material, labor, and overhead costs.

Finished Goods Inventory

Unsold goods that are available and ready for purchase in the market.

Cost of Goods Sold

This refers to the direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the good.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and are integral to its production.

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