This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

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To solve this transportation problem, we will use three methods: North West Corner Rule, Least Cost Method, and Vogel's Approximate Method.
First, let's verify if the problem is balanced. Total Supply = Total Demand = Since Total Supply = Total Demand, the problem is balanced.
The transportation table is: | Mill \ Warehouse | 1 | 2 | 3 | Supply | | :--------------- | :- | :- | :- | :----- | | A | 6 | 8 | 4 | 60 | | B | 4
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Total Supply = 60 + 100 + 150 = 310 Total Demand = 140 + 120 + 50 = 310 Since Total Supply = Total Demand, the problem is balanced.
This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.