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A Corporation produces quality jewelry items for various retailers. For the coming year, it has...

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Accounting

A Corporation produces quality jewelry items for various retailers. For the coming year, it has estimated it will consume 500 ounces of gold. Its carrying costs for a year are P2 per ounce. No safety stock is maintained. If the EOQ is 100 ounces, what would be the estimate for A Co total carrying costs for the coming year?

Answer: 100 please explain the answer in detail thanks

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