Materials

Question 1 of 10

Counting a few items in the store each day so that all items are checked over the year is

Question 2 of 10

Daily usage is 50 units and the lead time is 6 days. With no safety stock, find the reorder level.

Question 3 of 10

Annual demand 4,000 units, order cost GH¢50, holding cost 20% of GH¢10 unit price. EOQ is

Question 4 of 10

The level of inventory at which a new order should be placed is the

Question 5 of 10

The maximum stock level is the level that

Question 6 of 10

Reorder level = maximum usage ×

Question 7 of 10

Using LIFO, closing inventory is valued at

Question 8 of 10

Annual demand 2,000 units, ordering cost GH¢20 per order, holding cost GH¢2 per unit per year. EOQ is

Question 9 of 10

A goods received note is prepared by

Question 10 of 10

The document used to request materials from the store is the