Question: ABC Ltd. uses EOQ to determine the order quantity for its various components and is planning its orders. The Annual consumption is 80,000 units, cost

ABC Ltd. uses EOQ to determine the order quantity for its various components and is planning its orders. The Annual consumption is 80,000 units, cost to place one order is P1,200, cost per unit is P50 and carrying cost is 6% of unit cost. Find ECQ, No. of order per year, Ordering cost and Carrying cost and Total Cost of inventory. What is the total cost, including purchase of Price of the Inventory

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