BUS 210 Chapter 6 HW

BUS 210 Chapter 6 HW - Chapter 6 HW Questions 1. 2. Two...

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Chapter 6 HW Questions 1. 2. Two characteristics of inventory are being owned by a company and are in a form ready for sale to customers in the ordinary course of business. 3. Just-in-time management is where companies manufacture or purchase goods just in time for use and have enough inventories to satisfy current demand. Possible advantages are lessening the loss due to natural disasters or theft and more cash due to fewer inventories. 4. The job will entail physically counting, weighing or measuring each kind of inventory. 5. a) The goods will be included in Bradshaw’s December 31 inventory if the terms are FOB destination. The goods will be included in Ecklund’s December 31 inventory if the terms are FOB shipping point. b) Bradshaw Company should include consigned goods if the company wants to keep inventory costs down. 6. The amount that should be included in inventory is $3015. The $3000 should be debited for the purchase of the hats and freight charges should be debited since Redd paid for it. Since he
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This note was uploaded on 03/15/2011 for the course BUS 210 taught by Professor Schmeltz during the Spring '08 term at SUNY Stony Brook.

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BUS 210 Chapter 6 HW - Chapter 6 HW Questions 1. 2. Two...

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