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Required: Determine the EOQ using the following: Tabular approach a. I b. Mathematical approach

Required: Determine the EOQ using the following: Tabular approach a. I b. Mathematical approach

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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PROBLEMS P3-1 Ginza Company's provided the following infomation for the recent fiscal year: Annual inventory requirement Cost per unit (other than carrying and ordering costs) Cost of placing each order Carrying cost per unit Ginza has the following alternative order size in units: 4,000, 2000, 1,000, 500, and 400. 4,000 units P90.00 P250.00 P2.00 Required: Determine the EOQ using the following: a. Tabular approach I b. Mathematical approach
Transcribed Image Text:PROBLEMS P3-1 Ginza Company's provided the following infomation for the recent fiscal year: Annual inventory requirement Cost per unit (other than carrying and ordering costs) Cost of placing each order Carrying cost per unit Ginza has the following alternative order size in units: 4,000, 2000, 1,000, 500, and 400. 4,000 units P90.00 P250.00 P2.00 Required: Determine the EOQ using the following: a. Tabular approach I b. Mathematical approach
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