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Cost Accounting 10. The demand of a company product is about 600,000 units per annum. It was estimated that it cost GH3 to keep one
Cost Accounting
10. The demand of a company product is about 600,000 units per annum. It was estimated that it 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: i) Calculate the economic order cost ii) Calculate the total inventory cost per annum Step by Step Solution
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