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The following costs were accumulated by Department 2 of Tulsa Company during November:
Production for November in Department 2 (in units):
Materials are not added in Department 2 until the very end of processing Department 2.
Required: Compute the cost of units completed and the value of ending WIP for:
CPFR
Collaborative Planning, Forecasting, and Replenishment, a business practice where trading partners work together to match supply and demand, improving inventory efficiency.
S&OP
Sales and Operations Planning; a process to align the company's demand plans with its production capabilities, operational and financial plans.
Logistical Problems
Issues or complications arising in the planning, implementation, and coordination of moving goods and services from producers to consumers.
Supply And Demand
The relationship between the availability of a product (supply) and the desire for that product (demand).
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