Case Study Quiz - PEPS Method

What does the PEPS method mean?

• Standard Suggested Price

• First In, First Out

• Estimated Average per Weekly Period

• Exact Product by Balances

What is the date of the first purchase recorded in the Kardex?

• March 1

• March 3

• March 2

• March 5

What was the quantity purchased on March 2?

• 200

• 350

• 150

• 300

What was the unit value of the purchase on March 2?

• 25

• 15

• 20

• 18

What was the total value of the entry on March 2?

• 7,500

• 6,000

• 7,000

• 8,000

What happens to the products that enter first in the PEPS method?

• They are sold last

• They are stored permanently

• They are sold first

• They are recorded as losses

Which column indicates the total in money of the purchased products?

• Quantity

• Total Value

• Concept

• Date

Which section of the Kardex shows the products sold or used?

• BALANCES

• ENTRIES

• EXITS

• ADJUSTMENTS

What is the objective of a Kardex in inventory control?

• Control employee salaries

• Keep detailed records of product entries and exits

• Calculate taxes

• Monitor customer visits

What information is required to calculate the total value of an entry?

• Date and concept

• Unit value and quantity

• Selling price

• Initial balance