Q73 The purchase price of an item of inventory is N25 per unit. In each three month period the usage of the item is 20,000 units. The annual holding costs associated with one unit equate to 6% of its purchase price. The cost of placing an order for the item is N20. What is the Economic Order Quantity (EOQ) for the inventory item to the nearest whole unit?
TO PREPARE FOR YOUR ACC313 EXAMS – CLICK HERE TO GET THE ACC313 EXAMS SUMMARY FOR #1000
