Inventory management – CIMA F1 Financial Reporting

Comments

1. tshepomkb says

   March 7, 2022 at 9:27 am

   Please ignore, square root the answer and not the entire calc

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2. tshepomkb says

   March 7, 2022 at 8:41 am

   I’ve tried this calculation over and over on my calculator and the answer is different from what is being made an example of regarding the EOQ. The only way I’m getting to an answer remotely close to 894 units is if I substitute the $1.20 with $1.095 witch then = 894.79
   Likewise with example 2, I cant reach the same answer.

   kindly advise on the error

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   • tshepomkb says

     March 7, 2022 at 8:44 am

     *which*

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   • lucassinz says

     May 23, 2022 at 3:27 pm

     2x15x32,000=960,000
     960,000/1.20=800,000
     square root of 800,000=894.42 rounded down to 894

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