Budson Company Needs an Estimate of Its Ending Inventory Balance

question 89

Multiple Choice

Budson Company needs an estimate of its ending inventory balance.The following information is available: Given this information,when using the gross margin estimation method,ending inventory is approximately

• A) $1,000.
• B) $9,000.
• C) $19,000.
• D) $11,650.

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Definitions:

Constant Work-In-Process

A production strategy aimed at limiting the amount of unfinished goods in the production process to reduce lead times and increase quality.

ConWIP

Stands for "Constant Work-In-Process," a production control strategy focused on limiting the amount of work in process to improve flow and reduce waste.

Input-Output Control

A production management technique that monitors the input of materials and output of products to ensure efficient operation of the manufacturing process.

Finite Capacity Scheduling

A method for planning and scheduling resource allocations and processes, considering the limited availability of these resources.