Specifications

Chapter 5. Inventory
222 Dim11
Inventory Exercises
The following exercises are intended to test your knowledge of the inventory files
and how certain features are set up.
Each of the 8 problems has a specific solution which can be found in Appendix B.
Self-check at the end of the exercises.
1. Add a group/section description for 51/13 Dimensional Lumber/White Wood.
2. Print a Price Book for item numbers 51000000 through 51999999. Print L/B
and Price Adjustment 1.
3. Print a Static Data Report for item numbers 51000000 through 51999999.
4. Use the paint template to add a gallon of white latex semi-gloss paint.
5. Add a drill bit to group 13, section 50. The expected gross margin on the item
is 20 percent. The price for the item will have an actual price in the
adjustments.
6. Add crown molding to group 62, section 1. The item is purchased by CLF and
sold by the lineal foot. Expected gross margin on the item is 17 percent. The
price for the item will be a markup percent from a base price.
7. Add 2x4-RL Southern Yellow Pine to group 51, section 11. The item should be
set up MBF. The expected gross margin is 10 percent. The price for the item
will a markup percent from a base price.
8. Add 2x4-8’ Southern Yellow Pine to group 51, section 11. The item is
purchased by MBF and sold by the piece. The expected gross margin is 10
percent. The price for the item will be a markup percent from a base price.