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Rent a/c
To Drawing a/c
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A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
List out some of the accrued expenses and the accounts in which you would record them?
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