A firm has an annual demand for inventory of 240,000 units. Each unit costs 60 to store

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A firm has an annual demand for inventory of 240,000 units. Each unit costs £60 to store for one year and the cost of placing an order is £500. Calculate the EOQ and the number of orders that will have to be placed each year.

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Accounting For Non Accountants

ISBN: 9780749465971

9th Edition

Authors: David Horner

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Question Posted: Jan 31, 2024 03:05 AM

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A firm has an annual demand for inventory of 240,000 units. Each unit costs 60 to store

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EOQ is 2000 ...View the full answer

Accounting For Non Accountants

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