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A local TV repairs shop uses 36,000 units of a part each year (A maximum consumption of 100 units per working day). It costs P20 to place and receive an order. The shop orders in lots of 400 units. It cost P4 to carry one unit per year of inventory.
Problem 1: Calculate the current total annual ordering cost Problem 2: Calculate the current total annual ordering cost Problem 3: Calculate the current total inventory cost
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