Cross-Docking Refers to

question 282

Multiple Choice

Cross-docking refers to

• A)the practice of organizing the cost-effective flow of raw materials,in-process inventory,finished goods,and related information from point of origin to point of consumption to satisfy customer requirements.
• B)the practice of storing finished goods in the same trucks from which they will be dispensed and sold to consumers.
• C)using large cargo containers that will be loaded to trucks and then to barges or ships that sail from port to port and then unloaded back to trucks for final transport and delivery.
• D)a practice that involves unloading products from suppliers,sorting products for individual stores,and quickly reloading products onto trucks for a particular store.
• E)the practice of transporting retail goods from a centralized warehouse to the loading docks of regionally located satellite warehouses.

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Definitions:

Ending Inventory

The ultimate amount of products ready for purchase at the close of a financial period.

Inventory Costing

The method of calculating the cost of goods sold and ending inventory value, which can include approaches like FIFO, LIFO, and weighted average.

Periodic FIFO

A method of inventory valuation where goods purchased first are assumed to be sold first, calculated periodically at the end of an accounting period.

Cost of Goods Sold

Costs directly related to the creation of products a company sells, which encompass both the cost of materials and labor.