Exercise 8.10 estimating inventory by the retail method phillips supply uses a periodic inventory system but needs to determine the approximate amount of inventory at the end of each month without taking a physical inventory. phillips has provided the following inventory data. cost price retail selling price inventory of merchandise, june 30 $300,000 $500,000 purchases during july 222,000 400,000 goods available for sale during july $522,000 $900,000 net sales during july $600,000 estimate the cost of goods sold and the cost of the july 31 ending inventory using the retail method of evaluation. was the cost of phillips’s inventory, as a percentage of retail selling prices, higher or lower in july than it was in june? explain.

Apharmaceutical packaging company (ppc) has decided to reorganize its processes into cells. the company has four different production operations, each requiring a unique piece of equipment. the names and functions of the four pieces of equipment are sort, count, place, and package. the company packages five different families of products (a, b, c, d, and e). the tables below indicate the demand (total units/day by product family), required operations, and operation cycle times for each product family. assume that any individual piece of equipment is available to operate 16 hours/day, but 2 hours (in total) are lost each day on each piece of equipment due to breaks and meetings when operators are not available to operate the equipment. how many minutes/day are available for production

The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.

What historical context does wiesel convey using the allusion of a fiery sky? he compares the sky to hell. the fires from air raids during world war ii the cremation of jews in the concentration camps the outbreak of forest fires from bombs in world war ii