FIFO

Malcon Limited, a manufacturing concern has the following information in respect of material ABC.Re-order period 1 – 2 weeksMaximum consumption 900 units per weekNormal consumption 600 units per weekMinimum consumption 300 units per weekAnnual consumption 31,200 unitsPurchase price GHS4.00 per unitCost of storage 10% of purchase priceCost of order GHS60.00 per orderRequired;Calculate the reorder quantity, reorder level, maximum inventory level and minimum inventory level of material ABC.

James Aduko Apolala

CMA Inter

★ 0

05-Mar-24 18:58

344