Garden Variety Flower Shop uses 900 clay pots a year. The pots are purchased at RO 2 per unit. Annual carrying costs are estimated at 20% of the cost. The ordering cost is RO 20 per order. Calculate the Economic Order Quantity Whirlpool washing machine showroom sells 22 washing machines. The purchases of the shop from the company is as follows. What is the value of closing inventory using LIFO method? Purchases No of washing machines Cost/Unit October 8 October 18 12 50 10 75 October 30 8 60