Question
Download Solution PDFAn XYZ television supplier found a demand of 200 sets in July, 225 sets in August and 245 sets in September. Find the demand forecast for the month for the month of October using simple average method.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept:
Simple Average method:
- It is a method for inventory valuation or delivery cost calculation, where even if accepting inventory goods with different unit costs, the average unit cost is calculated by multiplying the total of these unit costs simply by the number of receiving.
Calculation:
Given:
F July= 200, F August= 225, F Sep= 245, F Oct=?
\( \therefore {F_{Oct}} = \frac{{{F_{July}}~+~ {F_{Aug}} ~+~ {F_{Sep}}}}{3}\)
\(F_{Oct} = \frac{{200 + 225 + 245}}{3}\)
\(\therefore {F_{Oct}} = 224\;units\)
Last updated on Jun 16, 2025
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