Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this unit.

Which valuation method uses layers to track the costs of each receipt transaction for an item?

Choose the correct answer.

FIFO

Standard Cost

Moving Average

Fill in the blank: Units of measure are defined at the _____________ level.

Choose the correct answer.

Warehouse

Company

Every inventory document that involves a bin location managed warehouse requires allocation to specific bin locations

Choose the correct answer.

True

False

You have set up an item to be managed by serial numbers on every transaction. When must a serial number be assigned?

There are three correct answers.

The first point the item is received into inventory

When the item is issued from a warehouse

When the item is returned from a customer

On sales quotations and purchase quotations

Which document rows have warehouses specified?

There are two correct answers.

Inventory document rows

All marketing document rows

All item-type marketing document rows

What can you do directly from the Bin Location Content List report?

There are two correct answers.

Delete a bin location

Transfer a bin location content

Set a bin location as default

Create a delivery

Two different bin locations in different warehouses may have the same code

Choose the correct answer.

True

False

What allows you to track a quantity of an item that have characteristics, such as expiration date in common?

Choose the correct answer.

Batches

Serial Numbers

Which 2 item categories would you assign to an item that is produced in-house and sold to customers?

There are two correct answers.

Inventory Item

Sales Item

Purchased Item

10.

What does the formula "In-stock Quantity + Ordered Quantity – Committed Quantity" calculate for an item?

Choose the correct answer.

Available Quantity

Warehouse Quantity

Pick Quantity