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  3. the company ran out of cake and pastry flour, whic

The company ran out of cake and pastry flour, which is a key ingredient. They...

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Accounting

The company ran out of cake and pastry flour, which is a key ingredient. They placed an
order for 50 bags of the flour at a cost of $25 each on December 28,2023. Terms of this
order were 2/10, n/30, FOB shipping point. The company received an email notifying them
of shipment on December 31,2023, and it generally takes 5 businesses days to deliver.
Tiffany looked forward to replenishing stocks and adding them to inventory upon receipt.

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