question archive The Wood Furniture company produces a specialty wood furniture product, and has the following information available concerning its inventory items: Relevant ordering costs per purchase order $300 Relevant carrying costs per year: Required annual return on investment 10% Required other costs per year $2
The Wood Furniture company produces a specialty wood furniture product, and has the following information available concerning its inventory items: Relevant ordering costs per purchase order $300 Relevant carrying costs per year: Required annual return on investment 10% Required other costs per year $2
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The Wood Furniture company produces a specialty wood furniture product, and has the following information available concerning its inventory items:
Relevant ordering costs per purchase order $300
Relevant carrying costs per year:
Required annual return on investment 10%
Required other costs per year $2.80
Annual demand is 20,000 packages per year. The purchase price per package is $32.
What is the economic order quantity?
789 units
1,429 units
1,356 units
1,415 units
What is the minimum feasible total cost of inventory?
$7,414
$8,490
$6,243
$8487
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