The Inventory of a Scrap Pile Is as Follows

question 6

Short Answer

The inventory of a scrap pile is as follows:
Channel iron, 87"
Plate steel, 147"
Key stock, 45"
Pipe, 69"
Flat iron strap, 208"
A pipe support is welded using the following materials from the scrap pile:
Channel iron, 61"
Plate steel, 106"
Key stock, 39"
Pipe, 22"
Flat iron strap, 189"
-How much key stock remains in the scrap pile, in inches?

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Definitions:

Expand

To increase in size, number, or scope, such as a business growing its operations or a market increasing its reach.

Internal Economies

Cost-saving measures that arise from the expansion of a firm, affecting the production process internally.

External Economies

Benefits that a firm obtains due to the actions of others or external factors, leading to reduced costs.

External Economies of Scale

Cost advantages that a firm obtains due to the expansion of the industry in which it operates, but not due to its own expansion.