A company uses the newsvendor model to manage its inventories and its demand is normally distributed. They order a quantity that equals the mean of its demand distribution. Which of the following is true regarding this company’s performance measures? a. There is a 0.50 probability that there is enough inventories to serve all demand. b. expected inventory equals 50% of the mean of the demand forecast. c. the stockout probability is 25%.

Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was: