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Directions Ltd buys compasses from wholesale suppliers to sell to retail outlets nationwide. Directions Ltd has provided you with the following information: Average weekly usage
Directions Ltd buys compasses from wholesale suppliers to sell to retail outlets nationwide. Directions Ltd has provided you with the following information:
Average weekly usage of compasses | 148 units |
Opening inventory | 93 units |
Closing inventory | 621 units |
Economic order quantity | 175 units |
Safety inventory | 256 units |
Calculate the Accounting Inventory Average:
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