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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Please show the steps/calculations along with the answers.
Question 1: You look at your most recent financial statements where you find the data below. Using this data calculation the following:
(1) inventory turnover rate
GOGS 3,600,000
Average Inventory 300,000
Question 2:
Based on the data below calculate the following:Â
(1) total annual order costÂ
(2) total annual inventory carrying cost
Number of orders per year: 12
Average Inventory (units): 8,572
Order Cost: $1,500
Value per Unit $35
Carrying cost 15%
Question 3:Â
Based on Question 2, the organization is currently operating at the EOQ?
True or False?
Â
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