A Company Has the Following Per Unit Original Costs and Replacement

question 2

Multiple Choice

A company has the following per unit original costs and replacement costs for its inventory:
Part A: 10 units with a cost of $3 and replacement cost of $2.50
Part B: 40 units with a cost of $9 and replacement cost of $9.50
Part C: 75 units with a cost of $8 and replacement cost of $7.50
Under the lower of cost or market method,the total value of this company's ending inventory is:

• A)$990.00
• B)$947.50
• C)$967.50 or $947.50,depending upon whether LCM is applied to individual items or the inventory as a whole
• D)$967.50
• E)$990.00 or $947.50,depending upon whether LCM is applied to individual items or to the inventory as a whole

Understand the concept and disadvantages of vendor-managed inventory.

Comprehend the importance of forecasting in retail, specifically for high fashion, and the various approaches used.

Grasp the principles and benefits of Collaborative, Planning, Forecasting, and Replenishment (CPFR) in supply chains.

Recognize the importance of collaboration, cooperation, and trust in enhancing supply chain performance.

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Definitions:

Attractiveness

A feature or combination of features that pleases the aesthetic senses, especially the sight, or appeals to other social or personal criteria.

Trustworthiness

The quality of being reliable, dependable, and worthy of confidence.

Expertise

Represents the specialized knowledge or skill in a particular field or area, typically acquired through education, training, and experience.

Organizational Citizenship Behaviors (OCBs)

Voluntary, extra-role activities performed by employees that contribute to the organization's effectiveness but are not part of their formal job responsibilities.