The following inventory date have been established for Tokyo Corporation:  Annual sales are 338,000 units The purchase price per unit is P6 Carrying cost is 20% of the purchase price of the goods Fixed order costs is P40 Three days are required for delivery.   What is the EOQ? Give your answer in whole number. No decimal point. Use comma. (I need the answe in 30 minutes please)

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 5P: A chain of appliance stores, APP Corporation, purchases inventory with a net price of 500,000 each...
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The following inventory date have been established for Tokyo Corporation: 

Annual sales are 338,000 units

The purchase price per unit is P6

Carrying cost is 20% of the purchase price of the goods

Fixed order costs is P40

Three days are required for delivery.

 

What is the EOQ? Give your answer in whole number. No decimal point. Use comma. (I need the answe in 30 minutes please)

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