Multiple Choice
Answer the following question(s) using the information below:
Garry's Golf Supplies is a local retail outlet which sells golf balls.Garry's purchases the golf balls from Green Grass Incorporated at $0.75 per ball; the golf balls are shipped in cartons of 72, FOB destination.Annual demand is 172,800 golf balls at a rate of 3,322 balls per week.Garry's Golf Supplies earns 12% on its cash investments.The purchase order lead time is one week.The following cost data are available:
-Purchasing at the EOQ recommended level, what are the relevant total costs?
A) $1,500.00
B) $2,085.67
C) $2,225.00
D) $3,000.00
E) $680.00
Correct Answer:
Verified
Correct Answer:
Verified
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