Calculate the eoqs total annual inventory control cost. why, Ask an Expert

Management Studies

1. A flower shop uses 250 clay pots a month. The pots are purchased for $2 each. Annual holding cost is estimated to be 30% of purchase cost, and ordering cost is $20 per order. The manager has been using an order quantity of 250 flower pots.

a. find out the EOQ

b. find out the EOQ's total annual inventory control cost

c. Why additional annual inventory control cost is the shop incurring by using the current order quantity?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M970734

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