Question

The production department of a company requires 3600kg of raw materials for manufacturing of particular item per year. It has been estimated that cost of placing an order is 36 birr and the cost of carrying inventories is 25% of the investment in the inventories. The price is 10 birr per kg. The purchase manager whishes to determine an ordering policy for raw materials

Answer 1

Answer:

The production department of a company requires 3600 kg of raw material for manufacturing a particular item per year . It has been estimated that the cost of placing an order is Rs 36 and the cost of carrying inventory is 25 percent of the inventory.

Explanation:

mark as BRAINLIEST