The Japanese Sofabed company import and sell Futon beds from a manufacturer in Japan, the annual sales made are forecast at 2,500 units, each new order costs £1,300 to place and it costs £75 per unit to hold the Futon beds in stock. What is the economic order quantity for the Japanese Sofabed company (round up to the nearest whole unit)?   (You may refer to the EOQ formula on the last page of the exam paper.)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The Japanese Sofabed company import and sell Futon beds from a manufacturer in Japan, the annual sales made are forecast at 2,500 units, each new order costs £1,300 to place and it costs £75 per unit to hold the Futon beds in stock. What is the economic order quantity for the Japanese Sofabed company (round up to the nearest whole unit)?   (You may refer to the EOQ formula on the last page of the exam paper.)
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