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Inventory management. Here are facts about inventory costs for Swifty Shoes, a retailer:
Differential Costs per Order $100Total Units Purchased per Year 50,000 UnitsDifferential Carrying Costs per Unit of Inventory $5 per Unit
Prepare a table like Exhibit 7.14. Find the costs of ordering and carrying inventory for each of the following number of annual orders: 40 orders, 50 orders, 60 orders.
Text Book: Managerial Accounting: An Introduction to Concepts, Methods and Uses By Michael Maher, Clyde Stickney, And Roman Weil.
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