A service garage uses 120 boxes of cleaning cloths a year. The boxes cost $6 each. Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on an annual Determine: The economic order quantity The total cost of carrying the cloths (excluding purchase price) The average inventory
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- A service garage uses 120 boxes of cleaning cloths a year. The boxes cost $6 each. Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on an annual
Determine:
- The economic order quantity
- The total cost of carrying the cloths (excluding purchase price)
- The average inventory
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