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From the above data you have to find the follows:

From the above data you have to find the follows:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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SARA Company expected that production will require 12000 tons of wheat over its planning period. Demand for SARA products is stable over time. Ordering costs amount to an average of $11 to per order. Holding costs are estimated at $1.5 per ton of Wood. The daily production period is expected to 140 days , with 2 deliver days From the above data you have to find the follows: Find EOQ Total cost of Inventory at EOQ Find Daily Usage Rate Find Reorder point
Transcribed Image Text:SARA Company expected that production will require 12000 tons of wheat over its planning period. Demand for SARA products is stable over time. Ordering costs amount to an average of $11 to per order. Holding costs are estimated at $1.5 per ton of Wood. The daily production period is expected to 140 days , with 2 deliver days From the above data you have to find the follows: Find EOQ Total cost of Inventory at EOQ Find Daily Usage Rate Find Reorder point
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