Calculate the monetary of the inventory, Cost Accounting

Assignment Help:

Learning Objective: After completing the project, the student will have gained familiarity, understanding and mastery of programming a realistic but simple application in Assembly Language:

a. Using Idea-Edit-Assemble-Execute-Debug cycle

b. Using the basic instructions from the x86 ISA: ADD, SUB, INC, DEC, MOV, CMP, JCond instructions, MUL, DIV,

Background, Scenario or Use Case:

The Use Case (Inventory Tracking) presented in Project 1 is extended in several directions.

Recall the Use Case:

Consider an enterprise (Idea Lifestyles, Inc.) with a single Retail Store. Ideal Lifestyles also has 5 separate Warehouses. The stock available for sale at the Retail Store is replenished on a periodic basis, (may be hourly, daily, weekly, biweekly, monthly, quarterly), by the transfer or transportation (freight or logistics) from each of the Warehouses. Each Warehouse-to-Store transfer consists of the shipment zero or more of units of the 5 distinct items that are sold by Ideal Lifestyles.

The purpose of the assembly program is to do Inventory Tracking, Monitoring and Management of the shipments received at the Retail Store, from the Warehouses, during each replenishment phase or run.

One can represent the shipment activity as follows:

From Warehouse 1:        Item(1,1)             Item(1,2)             Item(1,3)             Item(1, 4)            Item(1,5)

From Warehouse 2:        Item(2,1)             Item(2,2)             Item(2,3)             Item(2, 4)            Item(2,5)

From Warehouse 3:        Item(3,1)             Item(3,2)             Item(3,3)             Item(3, 4)            Item(3,5)

From Warehouse 4:        Item(4,1)             Item(4,2)             Item(4,3)             Item(4, 4)            Item(4,5)

From Warehouse 5:        Item(5,1)             Item(5,2)             Item(4,3)             Item(5, 4)            Item(5,5)

The entry Item(j, k) indicates that how many units of item type k were ship from Warehouse j to the Retail store.

Assume the available stock (Avail(j, k)) at each Warehouse (j), for each item type (k), before a particular replenishment shipment is given by:

At Warehouse 1:              Avail(1,1)             Avail(1,2)             Avail(1,3)             Avail(1, 4)            Avail(1,5)

At Warehouse 2:              Avail(2,1)             Avail(2,2)             Avail(2,3)             Avail(2, 4)            Avail(2,5)

At Warehouse 3:              Avail(3,1)             Avail(3,2)             Avail(3,3)             Avail(3, 4)            Avail(3,5)

At Warehouse 4:              Avail(4,1)             Avail(4,2)             Avail(4,3)             Avail(4, 4)            Avail(4,5)

At Warehouse 5:              Avail(5,1)             Avail(5,2)             Avail(4,3)             Avail(5, 4)            Avail(5,5)

For the new Project,

Assume the following unit prices are available to the item types sold by Ideal Lifestyles, Inc.:

Price(1)                                Price(2)                                Price(3)                                Price(4)                                Price(5)

Assume the following quantities of items are initially available at the Retail Store, BEFORE a particular set of shipments from the Warehouses:

InStore(1)           InStore(2)           InStore(3)           InStore(4)           InStore(5)

Project Description:

1.Compute how much the Inventory is worth:

a. Calculate the (monetary) of the inventory in the Retail Store before the next set of shipments arrive from the Warehouses.

b .Calculate the value of the stock transferred from each Warehouse to the Retail Store, for each item type.

c. Calculate the value of the stock, for each item type, remaining at each Warehouse, after there has been a shipment to the Retail Store.

d. Calculate the average value of each item type per warehouse, for a shipment scenario

2.Use the following decision tables to help the Ideal Lifestyles executives manage their enterprise:

a. Retail Store Decision Support. For each item type

Amount of Stock in Store BEFORE there is shipment from the Warehouses:

Amount <100 units                          "Order 10,000 units from all Warehouses"

Amount 100 - 1000 units               "Order 5000 units from all Warehouses"

Amount 1001 - 5000 units            "Order 1000 units from each Warehouse"

Amount 5001 - 10000 units          "Order 500 units from each Warehouse"

Amount > 10000 units                    "Decrease the unit price by 20%"

b.Warehouse Decision Support. For each item type

Amount of Stock remaining AFTER a shipment has gone from Warehouse to Retail Store:

Amount <100 units                          "DANGER: Inventory TOO LOW. Replenish: 5000 units"

Amount 100 - 1000 units               "DANGER: Inventory LOW. Replenish: 1000 units"

Amount 1001 - 5000 units            "Replenish: 500 units"

Amount 5001 - 10000 units          "Inventory Level ACCEPTABLE"

Amount > 10000 units                    "Decrease the unit price by 30%"

3. Write a "mini-report" to present your work, following a format such as the ff.

Title

Author

Affiliation

Date

Problem:

Solution Idea: place pseudo-code in the Appendix for the Idea

Design Implementation: place source code in the Appendix for the Implementation

Results: place screenshots in the Appendix

Discussion: touch on any aspect you think is significant and interesting

Summary and Conclusions

Acknowledgments: in anyone has helped you significantly

References: if any

Appendix

i.  Pseudo-code

ii. Source Code (make sure to include comments to document your intentions)

iii. Screen shots of Program execution, make sure to include results of appropriate Test Cases and Test Runs:

x. At least one Screen Dump of all the Registers at various stages in the code execution.

4. (Extra Credit): Extend your code to handle the following scenario.

Before each shipment (run), the Retail Store requests (demands) the amount of units of each item type to be shipped from each warehouse. If the amount of units requested for any item type is larger than the available stock at a warehouse, the warehouse ships all the units of that item type that it has on hand, but records or logs a negative number indicating the deficit that has to be backordered.

a. Compute the value of the shipment amounts based on shipment requests and available stock. Then compute the average per warehouse.

b. Compute the value of the stock remaining of each type remaining after shipment, based on shipment requests. Then compute the average per warehouse.

c. Make sure to include various Test Cases

 


Related Discussions:- Calculate the monetary of the inventory

four decisions for which abc information is useful, What are the key reaso...

What are the key reasons for product cost differences among traditional costing system and ABC systems? Explain four decisions for which ABC information is useful?

Usefulness of variance analysis, Usefulness of Variance Analysis Caref...

Usefulness of Variance Analysis Carefully note that while prices are being charged to production, it can be done at the actual or standard price. For purposes of making varian

Determine the net book value, NSC Ltd. has a 31 May fiscal year-end. NSC di...

NSC Ltd. has a 31 May fiscal year-end. NSC disposed of its Information Systems Group (ISG) on 31 January 20X3. ISG had a net loss (after taxes) of $37,700,000 in 20X3, to the date

Define the marginal, Total profit means the total revenue excluding the tot...

Total profit means the total revenue excluding the total cost of the certain products. Average profit defines the profit which comes and achieved after selling each unit. Total

Finance and logistics, responsibility of director of finance and logistics

responsibility of director of finance and logistics

role in negotiated transfer prices, Price and Cost   information  play...

Price and Cost   information  play  no  role  in  negotiated  transfer  prices.  Do  you  agree? Describe.

Estimate the appraisal, The Smiths decided to convert Ron's home into a fur...

The Smiths decided to convert Ron's home into a furnished rental house. After several minor repairs (touching up the paint, replacing screens, pressure-washing), the property was a

Direct labour rate variance, Direct Labour Rate Variance It is the dif...

Direct Labour Rate Variance It is the difference among the actual direct labour rate and the standard direct labour rate for the total hours worked. Utilizing an equation,

Total variable overheads variances, Total Variable Overheads Variances ...

Total Variable Overheads Variances  If Variable Overhead Expenditure Variance =  Shs.1, 330 Variable Overhead Efficiency Variance = Shs.320 Then total variable overheads

Stock will be selling , Atlanta Company stock is expected to follow an expo...

Atlanta Company stock is expected to follow an exponential growth rate. The relationship between the current stock price P0, future price PT after time T, and the continuously comp

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd