The Beaches Company Uses Metal Grates When Assembling Appliances

question 32

Multiple Choice

The Beaches Company uses metal grates when assembling appliances.Information as to balances on hand,purchases,and requisitions of the grates is given in the following table. If a perpetual inventory record of the metal grates is maintained on a FIFO basis,the September 6 issue will consist of:

• A)15 units @ $2.80,120 units @ $3.10 and 30 units @ $3.34.
• B)75 units @ $2.80 and 90 units @ $3.10.
• C)165 units @ $3.10.
• D)75 units @ $3.10 and 90 units @ $3.34.

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Definitions:

Optimal Number

The most favorable, efficient, or effective quantity determined through analysis or calculation for a specific criterion.

Monthly Profit

The net income earned by a business over the course of a month after all expenses have been subtracted from total revenue.

Unbounded Problem

A scenario in optimization where the solution can infinitely improve, meaning there are no constraints limiting the value of the objective function.

Objective

A goal or target that is aimed to be achieved, usually specific, measurable, and time-bound.