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What is the total inventory cost

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Reference no: EM132949286

Question - ABC Company uses EOQ to determine the order quantity for its various components and is planning its orders. The annual consumption is 80,000 units, the cost to place an order is P 1,200, the cost per unit is P 50, and the carrying cost is 6% of the unit cost. Find EOQ, No. of orders per year, ordering cost and carrying cost, and total cost of inventory.

Required -

1. What is the total cost, including the purchase price of the inventory?

2. What is the total inventory cost (exclusive of purchase price) for 4,000 units?

Reference no: EM132949286

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