Q. No 03: A Company is attempting to determine the optimal order quantity its products....
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Accounting
Q. No 03:
A Company is attempting to determine the optimal order quantity its products. The company calculated that it costs $2 per year to carry a book in inventory and $50 to prepare an order for new products.
a. Determine the total inventory costs associated with ordering 1, 5, 15, 25, 50 and 100 times a year.
b. Determine the economic order quantity.
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