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Quick Corp. usually buys Product X in lots of 1 200 units which represent a four month supply. The cost per unit is P 100: the cost per order is P 200 and the annual inventory carrying cost for one unit is 25%
Required:
Problem 1: Compute the most economical order to make
What would be the ending Work in Process account balance? At the end of the year, the company closes out the balance in the Manufacturing Overhead account
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