My company, Naughty Knitts, has decided to market our products more aggressively and ride the popularity of mittens from the Bernie memes. Current sales are 60,000 units per year and are expected to increase by 20%. Carrying costs are $0.50 per unit and order costs are $10. Naughty Knitts wants to minimize its inventory costs. Calculate the company's current economic ordering quantity.

My company, Naughty Knitts, has decided to market our products more aggressively and ride the popularity of mittens from the Bernie memes. Current sales are 60,000 units per year and are expected to increase by 20%. Carrying costs are $0.50 per unit and order costs are $10. Naughty Knitts wants to minimize its inventory costs. Calculate the company's current economic ordering quantity.

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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