Jones Company uses widgets as component parts.In a particular week it has gross requirements for 250 units of widgets,beginning inventory of 50 widgets,and scheduled receipts of 350 widgets.Available inventory for the next period is:
A)650.
B)50.
C)250.
D)150.

Question

Quizplus · Accepted Answer

Available inventory for the next period can be calculated using the formula:
Available inventory = Beginning inventory + Scheduled receipts - Gross requirements

So, available inventory = 50 + 350 - 250 = 150

Therefore, the answer is D.

Jones Company Uses Widgets as Component Parts