Speaker Kits, Inc., wants to compute its ordering and carrying cost of inventory on lot-for-lot criteria. APPROACH

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Speaker Kits, Inc., wants to compute its ordering and carrying cost of inventory on lot-for-lot criteria.

APPROACH c With lot-for-lot, we order material only as it is needed. Once we have the cost of ordering

(setting up), the cost of holding each unit for a given time period, and the production schedule, we can assign orders to our net requirements plan.

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