A company manufactures and sells a seasonal product. Based on the sales forecast that follows, calculate a
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A company manufactures and sells a seasonal product. Based on the sales forecast that follows, calculate a level production plan, quarterly ending inventories, and average quarterly inventories. Assume that the average quarterly inventory is the average of the starting and ending inventory for the quarter. If inventory carrying costs are $3 per unit per quarter, what is the annual cost of carrying this anticipation inventory? Opening and ending inventories are zero.
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Totals $
Sales 1000 2000 3000 2000 Production Ending Inventory Average Inventory Inventory Cost LO.1
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Related Book For 
Introduction To Materials Management
ISBN: 9780132337618
6th Edition
Authors: J. R. Tony Arnold, Chapman, Stephen N., Lloyd M. Clive
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