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IBM manages inventory using EOQ with annual demand 55,000 units, order cost $250/order, and holding cost $6/unit. Requirements: Calculate the Economic Order Quantity (EOQ). Determine
- IBM manages inventory using EOQ with annual demand 55,000 units, order cost $250/order, and holding cost $6/unit.
- Requirements:
- Calculate the Economic Order Quantity (EOQ).
- Determine total inventory cost.
- Prepare an inventory management report.
- Recommend strategies to optimize inventory levels.
- Requirements:
- Calculate the Economic Order Quantity (EOQ).
- Determine total inventory cost.
- Prepare an inventory management report.
- Recommend strategies to optimize inventory levels.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
5th edition
978-1259728877, 1259728870, 978-1259565403
