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Determine the inventory carrying costs, inventory ordering costs, and total cost for Stellar Co. based on the following information: Annual demand 7,260 units Order quantity
Determine the inventory carrying costs, inventory ordering costs, and total cost for Stellar Co. based on the following information:
| Annual demand | 7,260 | units | |
| Order quantity | 66 | units | |
| Cost to place an order | $47 | ||
| Cost of carrying inventory | $16 | ||
| Purchase price | $11.50 | per unit |
| Inventory carrying costs = | $ | |
| Inventory ordering costs = | $ | |
| Total cost = | $ |
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Managerial Accounting The Cornerstone Of Business Decision-making, , (6 Months)
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
7th Edition
1337115924, 9781337115926
