Ralph was in the process of completing the quarterly planning for the purchasing department when a
major computer malfunction lost most of his data. For direct material XXX he was able to recover the
following:
Ralph purchases at the EOQ quantity level.
Required:
Determine the annual demand, the cost of placing an order, the economic order quantity and the annual total costs of inventory.

Question

Ralph was in the process of completing the quarterly planning for the purchasing department when a
major computer malfunction lost most of his data. For direct material XXX he was able to recover the
following:
  Ralph purchases at the EOQ quantity level.
Required:
Determine the annual demand, the cost of placing an order, the economic order quantity and the annual total costs of inventory.

Quizplus · Accepted Answer

The Answer of Ralph was in the process of completing the quarterly planning for the purchasing department when a
major computer malfunction lost most of his data. For direct material XXX he was able to recover the
following:
  Ralph purchases at the EOQ quantity level.
Required:
Determine the annual demand, the cost of placing an order, the economic order quantity and the annual total costs of inventory.

Ralph Was in the Process of Completing the Quarterly Planning