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How much is the annual inventory carrying costs

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Question - Based on an EOQ analysis, the optimal order quantity is 15,000 units. Annual inventory carrying costs equal 1/4 of the average inventory level. The company pays P7 per unit to buy the product and P75 to place an order. The quarterly demand for the product is 66,000 units.

Required - How much is the annual inventory carrying costs?

Reference no: EM132536830

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