Assuming CBC Uses the Gross Method to Record Purchases,ending Inventory

question 82

Multiple Choice

Assuming CBC uses the gross method to record purchases,ending inventory would be:

• A)$6,480.
• B)$15,400.
• C)$15,480.
• D)$21,000.

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Definitions:

Product-oriented Layout

A facility layout design where resources and equipment are arranged according to the sequence of operations required to produce a specific product efficiently.

Equipment Utilization

the extent to which machinery and equipment are employed in production, usually measured as a percentage of available time used.

Stability of Demand

The extent to which demand for a product or service is consistent and predictable over time.

Product-oriented Layout

A layout where workstations and equipment are arranged based on the sequence of operations needed to produce a specific product efficiently.