The following information is available regarding a particular component: Component price GHS 3 7 Component usage 6

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The following information is available regarding a particular component: Component price GHS

37

Component usage

6, 000

per month Cost of placing an order GHS

34

Cost of storing components for one year

2 %

of stock value The economic order quantity for the component

(

to the nearest unit

)

is:

. 743

units

. [2572

units

]

. 2, 981

units

. 2, 492

units

Related Book For answer-question

Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

See More Books

Posted Date: Feb 03, 2024 07:41 AM

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The following information is available regarding a particular component: Component price GHS 3 7 Component usage 6

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Fundamental Accounting Principles

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