BusinessCourse course.com www.de Return to course Chapter 6 Graded Problems Navigation & My Subscriptions ROLANDO MERO 2 3 Finish attempt. Question 1 Not complete Marked out of 3.00 Pag Gestion eBook Print Just-in-Time Inventory The Field Manufacturing Company uses the perpetual inventory system for its raw material inventory. During 2012, Field plans to include raw material costing 2.280,000 in the products that it manufactures. Henry Field, president of the company, wants to adopt the just in time manufacturing philosophy for the raw materials inventory during 2012. He wants to have only the raw material needed for the next day's production at the end of each day. The factory operates 30 days each year. Historically, the raw materials inventory balance at the end of the day has averaged 566,000 cost. Field has an annual inventory carrying cost equal to 26% of total inventory cost. Round to the nearest dollar Required a. What is the anticipated inventory carrying cost in dollars) Field does not adopt the just in time manufacturing philosophy b. Calculate the average level (in dollars) for the raw materials inventory if Field adopts the just-in-time manufacturing philosophy c. Calculate the reductions in the raw materials inventory level and the raw materials inventory annual carrying cost if Field adopts the just-in-time manufacturing philosophy Just in time Inventory 17160 c. Reduction in materials inventory carrying costs Check Next Save Answers METROS BusinessCourse course.com www.de Return to course Chapter 6 Graded Problems Navigation & My Subscriptions ROLANDO MERO 2 3 Finish attempt. Question 1 Not complete Marked out of 3.00 Pag Gestion eBook Print Just-in-Time Inventory The Field Manufacturing Company uses the perpetual inventory system for its raw material inventory. During 2012, Field plans to include raw material costing 2.280,000 in the products that it manufactures. Henry Field, president of the company, wants to adopt the just in time manufacturing philosophy for the raw materials inventory during 2012. He wants to have only the raw material needed for the next day's production at the end of each day. The factory operates 30 days each year. Historically, the raw materials inventory balance at the end of the day has averaged 566,000 cost. Field has an annual inventory carrying cost equal to 26% of total inventory cost. Round to the nearest dollar Required a. What is the anticipated inventory carrying cost in dollars) Field does not adopt the just in time manufacturing philosophy b. Calculate the average level (in dollars) for the raw materials inventory if Field adopts the just-in-time manufacturing philosophy c. Calculate the reductions in the raw materials inventory level and the raw materials inventory annual carrying cost if Field adopts the just-in-time manufacturing philosophy Just in time Inventory 17160 c. Reduction in materials inventory carrying costs Check Next Save Answers METROS