Use the Following Table and the Information to Answer the Questions

question 46

Multiple Choice

Use the following table and the information to answer the questions below.
In the following transportation matrix, all cells except 2C have been evaluated and show no improvement. Evaluate that cell.

-How many units would be allocated to cell 2C?

• A) 10
• B) 14
• C) 6
• D) 0
• E) 20

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Definitions:

FIFO Retail Inventory Method

An accounting method for valuing inventory where the first items purchased are the first ones to be sold.

Freight-in Charges

The costs associated with transporting inventory to the buyer's location, often included in the cost of goods purchased.

Ending Inventory

Ending inventory is the total value of goods available for sale at the end of an accounting period.

Net Markups

This term refers to the difference between the cost of a product and its selling price, minus any discounts or allowances.