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a 7. The demand for product AEX stands at 600,000 units per annum and has a unit cost price of GH5.50. It was estimated to

a 7. The demand for product AEX stands at 600,000 units per annum and has a unit cost price of GH5.50. It was estimated to cost GH3 to keep one unit of the product in stock for one year. The cost Accountant estimated that it will cost GH40 in administrative each time an order is to be placed Required: a) Calculate both the economic order quantity and cost (3 Marks) b) Calculate the total inventory cost per annum

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