Question a store has an annual demand for 2800 bicycles the, Ask an Expert

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Question: A store has an annual demand for 2800 bicycles. The cost of purchase for each bicycle is $535. The ordering cost is estimated to be $141 and holding cost rate is 33% of unit cost. Order lead time is 12 days and the store is operating 365 days a year.

Calculate the Total Annual Inventory Cost using the information provided above.

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Accounting Basics, Accounting

Category:- Accounting Basics
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