Use This Information to Answer the Following Question

question 19

Multiple Choice

Use this information to answer the following question. In addition,beginning merchandise inventory was $11,000 and ending merchandise inventory was $7,000.
-Cost of goods sold for the period was

• A)$31,000.
• B)$25,000.
• C)$38,000.
• D)$23,000.

Understand the role and importance of safety inventory in the supply chain.

Grasp the trade-offs between holding inventory and service levels.

Describe the impact of demand variability on safety inventory.

Explain the relationship between inventory placement in the supply chain and inventory costs.

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Definitions:

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The shared beliefs and standards that a society or group holds about what is acceptable or desirable behavior.

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A law prescribing the maximum period during which legal action can be taken in a certain type of case.

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