perpetual inventory system. At the beginning of the quarter, Mt. Rooster has $33,000 in inventory. During the quarter the company purchases $8,350 of new inventory from a vendor, returned $1,000 of inventory to the vendor, and took advantage of discounts from the vendor of $230. At the end of the quarter the balance in inventory is $28,000. What is the cost of goods sold

Draw a flowchart for a process of interest to you, such as a quick oil-change service, a factory process you might have worked in, ordering a pizza, renting a car or truck, buying products on the internet, or applying for an automobile loan. identify the points where something (people, information) waits for service or is held in work-in-process inventory, the estimated time to accomplish each activity in the process, and the total flow time. evaluate how well the process worked and what might be done to improve it.