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(The Following Information Applies to the Next Three Problems

question 22

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(The following information applies to the next three problems.)
Assume that Fashion Clothiers Inc. uses 1,440,000 yards of material each year. Further, assume that Fashion can order the material at a cost of $2 per yard, plus fixed ordering costs of $100 per order. The firm's carrying cost is 20 percent of the inventory value, at cost.
-What is Fashion inventory? Clothiers' minimum
Costs of ordering and holding


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