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Dominique Specialty Goods Inc. expects total sales of $360,000 with a sales price per unit of $6. The firm estimates an ordering cost of $8
Dominique Specialty Goods Inc. expects total sales of $360,000 with a sales price per unit of $6. The firm estimates an ordering cost of $8 per order, with an inventory carrying cost of $2.40 per unit. A) What is the optimum order size (EOQ)? [4 Marks] B) What is the Total inventory cost (Ordering and Carrying) [4 Marks] [Show detailed calculation with formula sheets to get proper credit]
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
