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Assignment 3, Continued - 14237_293
3-10. 3-11. 3-12. 3-13. 3-14. When  your  ship  is  deployed,  the  ship’s total  authorized  inventory  should  include which  of  the  following  amounts? 1. Original  authorized  inventory 2. Canned  soda  inventory 3. An  additional  $18  per  person  per month 4. All of the above Learning  Objective: Determine  how  to analyze the inventory control records and how  to  make  associated  recommendations  to the  chip’s  store  officer. The  control  record  is  the  tool  that  ship’s store  managers  use  in  maintaining  a running  check  on  working  capital available  for  purchase  of  new  stock. 1. True 2. False Normally, the two inventory control records  you  should  use  are  the  Inventory Control Record for Ship’s Store Stock and the  Inventory  Control  Record  for  Standard Navy  Clothing  Stock. 1. True 2. False Under which of the following circumstances can you include standard Navy clothing on the Inventory Control Record for ship’s store stock? 1. When  your  inventory  balance  for standard  Navy  clothing  exceede  $300 2. When  you  cell  standard  Navy  clothing through  the  same  cash  register  used  for ship’s  store  stock 3. When  your  inventory  balance  for standard  Navy  clothing  is  less  than $300 and sales are less than $300 a month 4. Both 2 and 3 above Generally,  your  inventory  control  record for  ship’s  store  stock  should  be maintained  at  least  how  often? 3-15. 3-16. 3-17. 3-18. 3-19. A 15% markup in the actual cost price of each item of stock is currently being used in ship’s stores afloat. If  the actual cost of stock item is $100, determine the retail price of the stock items. 1. $ 87 2. $105 3. $115 4. $125 A careful review of which of the following documentation  should  provide  you  with valuable  information  concerning  the history of sales and ordering data you will  need  for  future  procurement  of  an item of ship’s store stock. 1. Stock Record (NAVSUP Form 464) 2. Armed  Forces  Measurement  Plan  (DD Form 358) 3. Afloat  Shopping  Guide 4. Open  purchase  contract You have just completed a review of the stock records for an item of ship’s store stock. Ideally,  your  maximum  stock position  should  represent  the  stock  you require for what total number of days? 1. 90 2. 180 3. 30 4. 60 You  are  supervising  the  maintenence  of the stock record cards. The two types of errors for which you should be on the alert  are  mechanical  and  procedural errors. 1. True 2. False A  mechanical  error  results  when  facts  and values  have  not  been  properly  recorded  on the stock record card for an item of stock. 1. True 2. False 1. Quarterly 2. Monthly 3. Daily 4. Weekly 16

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