Solved: The product is ordered 12 times per year and the ordering, Cost Accounting

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The product is ordered 12 times per year and the ordering

Your company is ordering product XYZ in a lot size that is equal to the calculated economic order quantity. The purchase cost per unit of Product XYZ is $40. The product is ordered 12 times per year, and the ordering cost is $120 per order. What is the approximate total annual inventory holding cost of Product XYZ?

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Cost Accounting: The product is ordered 12 times per year and the ordering

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Cost Accounting: The product is ordered 12 times per year and the ordering

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