The replacement of internal capacity and production with that of a supplier's is known as:
A) outpartnering. B) capacity cushioning.
C) outsourcing. D) capacity buying.
C
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Resignations and retirements are examples of:
A) essential downsizing measures. B) involuntary separations. C) voluntary separations. D) discharges.
Grand Forks Enterprises sells toy airplanes to retailers such as K-Mart and Wal-Mart. Information about inventory is contained in the table below. The company uses a LIFO perpetual inventory system and sells inventory for $5.00 per unit
Date Number of Units Unit Cost Total Cost January 01 Beginning inventory 2,000 $2.00 $4,000 January 10 Sale 1,200 January 15 Purchase 4,000 $2.25 $9,000 January 20 Sale 2,500 January 25 Purchase 5,000 $2.40 $12,000 January 30 Sale 6,000 Determine the ending inventory for the period. A) $2,925 B) $2,600 C) $2,725 D) $3,120