Homework 2 Inventory Control Series

Homework 2 Inventory Control Series - Homework 2 Inventory...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Homework 2: Inventory Control Series 1. What kind of file does the "Item Maintenance" screen connect to in the underlying relational database? 2. Why is inventory audited as a separate section of the audit even though it isn't a cycle? 3. On the Item Maintenance Screen, the Current Cost recorded is the LATEST cost. What implications does this have for the total inventory cost listed for all units of this item? Is this consistent with a FIFO or LIFO inventory costing method? Why or why not? 4. If the company uses a cost plus inventory pricing method, what happens to "price" in the stores registers when a new higher cost batch of inventory is logged in? What must be printed out and given to the shelf stockers to post immediately? Why? 5. How could a store manager authorize a sales clerk to offer a customer an alternative product at the same price as the originally requested item without having to call the manager over for authorization? 6.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/21/2011 for the course ECON 400 taught by Professor Shqerat during the Spring '11 term at University of Jordan.

Page1 / 3

Homework 2 Inventory Control Series - Homework 2 Inventory...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online