The inventory data for an item for November are:
-Using the last-in,first-out method,what is the cost of the merchandise inventory of 30 units on November 30?
Definitions:
Throughput Time
The total time taken for a unit to pass through a production process, from start to finish, including both processing time and waiting time.
Manufacturing Cycle Efficiency
A measure of the efficiency of the production process, calculated as the ratio of value-added time to total cycle time.
Delivery Cycle Time
The total time taken from when a customer places an order to the time the product is delivered to the customer.
Manufacturing Cycle Efficiency
A measure of the efficiency of a manufacturing process, calculated as the ratio of value-added time to the total cycle time.
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