New York University ACCT-UB ACCT-UB 1002 1. A firm has provided a sales budget for the next 4 months. It…
Jhong Company markers uses 1,440,000 gallons of ink each year. If Aussie Company will order the ink at a rate of $2 per gallon plus a fixed cost of $100 per order. At cost, the firm’s carrying cost is 20% of the inventory value. What is Jhong Company’s minimum costs of ordering and holding inventory?
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