15-19 Steve's Signature Sails (SSS) sells 200,000 jib assemblies annually. Each assembly costs $750 to...
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15-19 Steve's Signature Sails (SSS) sells 200,000 jib assemblies annually. Each assembly costs $750 to purchase, inventory carrying costs are 25 percent of the purchase price, and the cost of placing an order with SSS's supplier is $1,200. (a) What is the EOQ? (b) What is the total inventory cost at the EOQ level? (LO 15-5)
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