The total cost of inventory is the sum of the ______________ cost and the _______________ cost
A) Fixed cost and ordering cost
B) Holding cost and variable cost
C) Ordering cost and holding cost
D) Ordering cost and variable cost

Question

Quizplus · Accepted Answer

The total cost of inventory is the sum of the ordering cost (costs associated with placing orders for more inventory) and the holding cost (costs associated with storing the inventory until it is sold or used).

The Total Cost of Inventory Is the Sum of the ______________