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Inventory turnover rate

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Reference no: EM13509410

Please show the steps/calculations along with the answers.
Question 1: You look at your most recent financial statements where you find the data below. Using this data calculation the following:
(1) inventory turnover rate
GOGS 3,600,000
Average Inventory 300,000
Question 2:
Based on the data below calculate the following: 
(1) total annual order cost 
(2) total annual inventory carrying cost
Number of orders per year: 12
Average Inventory (units): 8,572
Order Cost: $1,500
Value per Unit $35
Carrying cost 15%
Question 3: 
Based on Question 2, the organization is currently operating at the EOQ?
True or False? 

Reference no: EM13509410

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