Testbank Multiple Choice Question 114 Vaughn Manufacturing uses the periodic inventory system. For the current month, the beginning inventory consisted of 488 units that cost $69 each. During the month, the company made two purchases: 723 units at $72 each and 363 units at $74 each. Vaughn Manufacturing also sold 1205 units during the month. Using the FIFO method, what is the amount of cost of goods sold for the month

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?