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Determine the number of times the raw material be ordered

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Reference no: EM132667871

The KMT Corporation determines the manufacturing cost per order of a raw material is P25. The company expects to use P50,000 of this material in the coming year. Its carrying charge is 10% of inventory.

Problem a: Determine the following:

Required:

1. Economic order quantity in pesos
2. Number of times the raw material be ordered in the coming year
3. Average inventory
4. Total relevant inventory costs at EOQ

Reference no: EM132667871

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