Answer the following questions using the information below:
The Wood Furniture company produces a specialty wood furniture product, and has the following information available concerning its inventory items:
Annual demand is 20,000 packages per year. The purchase price per package is $32.
-What are the total relevant costs, assuming the quantity ordered equals 1,000 units?
A) $3,000
B) $500
C) $6,000
D) $9,000
Correct Answer:
Verified
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