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Questions 13 to 18 are based on the following information: Afifah Batrish Enterprise is a skincare product manufacturer. The company typically uses 15,500 boxes of
Questions 13 to 18 are based on the following information: Afifah Batrish Enterprise is a skincare product manufacturer. The company typically uses 15,500 boxes of pearl extracts per year and the selling price per box is RM49. The carrying cost of the pearl extracts is 10 percent of the selling price, with an estimated ordering cost of RM100 per order. Furthermore, Afifah Batrish Enterprise has decided to keep a safety stock of 1,500 boxes of pearl extracts on hand, with delivery taking 14 days. The order should be placed in 100 units, and it is assumed that a year has 360 days. 15. Calculate the value of average inventory. Answer A. 1,600 B. 1,900 C. 1,800 D. 1,500
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