Develop a process chart for one of the following:
(1 ) Researching and writing a paper for your Operations Management class
(2 ) Managing, developing and completing a team project for a Finance (or other) class
(3 ) Planning for your job interview
process as you approach graduation (including resume preparation, developing interview skills, researching company backgrounds, etc.)
(4 ) Studying and developing a process improvement plan for a business or other process you are familiar with (e.g., fast food restaurant, obtaining tickets to a university-sponsored event, dry cleaners, book purchases for next term, and the like)
Answers will vary, but should follow the approach used to develop the following process chart for a manual car wash. The process chart should include all value adding and non-value adding steps, and a summary of the steps and times that recap the process.
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The Petrowski Company uses the perpetual inventory system. The Petrowski Company has the following data available for the month of January:
Date Transaction Units Unit Cost Jan. 1 Beginning inventory 100 $100 Jan. 9 Purchase 300 $120 Jan. 10 Sale 200 Jan. 15 Purchase 400 $140 Jan. 18 Sale 300 Jan. 24 Purchase 100 $160 Jan. 30 Sale 10 1. Determine the Cost of Goods Sold for January using the following methods: a. FIFO b. LIFO c. Moving-average (Round per unit costs and all other dollar amounts to two decimal places.) What will be an ideal response?