Question
. Given the information in the following table, answer the questions below. Item Par stock Usage in current period Quantity on hand Absolute Vodka 72
. Given the information in the following table, answer the questions below.
Item | Par stock | Usage in current period | Quantity on hand |
Absolute Vodka | 72 | 48 | 24 |
Blue Spirit Gin | 36 | 24 | 3 |
Scotch Whisky | 5 | 3 | 4 |
Beefeater | 9 | 6 | 4 |
Don Julio Tequila | 36 | 24 | 10 |
a. Should any adjustments to par stock be considered for any of the beverages listed in the table above? Which? Why?
b. Determine the proper order quantity for each item from the table above if the periodic order method is used.
Item | Par stock | ? | Order quantity |
Absolute Vodka | 72 | ? | ? |
Blue Spirit Gin | 36 | ? | ? |
Scotch Whisky | 5 | ? | ? |
Beefeater | 9 | ? | ? |
Don Julio Tequila | 36 | ? | ? |
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