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Nerolina Manufacturing Ltd requires 8700 gadgets per year for production. The purchase cost is $150 per gadget. The firm decides to order 580 gadgets
Nerolina Manufacturing Ltd requires 8700 gadgets per year for production. The purchase cost is $150 per gadget. The firm decides to order 580 gadgets at a time. The cost of ordering is $52 per order and annual carrying cost per gadget is $3. Calculate the total annual cost of ordering and carrying the inventory. Round your answer to the nearest whole number. Answer:
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
