Determine the inventory carrying costs, inventory ordering costs, and total inventory costs for Hickory Co. based on

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Determine the inventory carrying costs, inventory ordering costs, and total inventory costs for Hickory Co. based on the following information:

Annual demand..............................7,000 units

Order quantity.....................................70 units

Cost to place an order......................$45

Cost of carrying inventory.................$15

Purchase price..................................$11.50 per unit

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Cost Management Measuring, Monitoring and Motivating Performance

ISBN: 978-1119185697

3rd Canadian edition

Authors: Leslie G. Eldenburg, Susan K. Wolcott, Liang Hsuan Chen, Gail Cook

Question Posted: Oct 08, 2018 01:05 PM

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Determine the inventory carrying costs, inventory ordering costs, and total inventory costs for Hickory Co. based on

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Ordering cost AQ K 700070 ...View the full answer

Cost Management Measuring, Monitoring and Motivating Performance

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