Consider a store buys chocolate and candy bars for $1 each (the bar is then sold at
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Consider a store buys chocolate and candy bars for $1 each (the bar is then sold at retail for $1.50). The annual demand is 10,000 bars, the carrying rate is 15 percent and the order cost is $7 per order. Using continuous review system, calculate the total inventory cost for 2,000 bars per order.
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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