From the following information calculate : (i) Re-ordering Level; (ii) Minimum Level; (iii) Maximum Level;...
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Accounting
From the following information calculate : (i) Re-ordering Level; (ii) Minimum Level; (iii) Maximum Level; and (iv) Average Stock Level : Re-order Quantity 36,000 units Time Required for Delivery 2 to 4 months Minimum Consumption 3000 units per month Maximum Consumption 6,000 units per month Average Consumption per month 4,450 units
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