Essay
A service garage uses 120 boxes of cleaning cloths a year.The boxes cost $6 each.Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on an annual basis.
Determine:
(A) The economic order quantity
(B) The total cost of carrying the cloths (excluding purchase price)
(C) The average inventory
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D = 120 boxes per ye...View Answer
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