FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Economic order quantity
​(EOQ).
​ Tinnendo, Inc. believes it will sell
4
million​ zen-zens, an electronic​ game, this coming year. Note that this figure is for annual sales. The inventory manager plans to order​ zen-zens
25
times over the next year. The carrying cost is
​$0.01
per​ zen-zen per year. The order cost is
​$510
per order. What are the annual carrying​ cost, the annual ordering​ cost, and the optimal order quantity for the​ zen-zens? Verify your answer by calculating the new total inventory cost.
What is the annual carrying cost for the​ zen-zens?
(Round to the nearest​ dollar.)
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