Selected information regarding a company's most recent quarter follows (all data in thousands) .
What was the beginning finished goods inventory?
Definitions:
JIT Environments
Settings or conditions where Just-In-Time inventory management and production practices are implemented to minimize inventory costs and waste.
Demand Rate
The rate at which goods or services are requested or needed by consumers in a given market or period.
Push System
A type of inventory control system where products are manufactured or acquired based on forecasted demand, pushing products towards the consumer without immediate demand signals.
JIT
Just-In-Time, a production strategy aimed at reducing in-process inventory and associated carrying costs by producing and delivering products just as they are needed.
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