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What is jhong company minimum costs of holding inventory

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Reference no: EM132898690

Question 1: 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?

Reference no: EM132898690

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