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Sir, I’m confuse how u have calculated the holding cost for 1 unit for 1 year in example 1 in course notes
u took 10% of $25
how u got $25? where does that come from?Ch in the formula is the cost of holding one unit for one year.
The ‘inventory value’ of one unit is its purchase price, which is $25.
Since the cost is 10% of inventory value, the cost of holding one unit for one year is 10% x $25.(250 is the average inventory – not its value. Also, Ch is the inventory cost for one unit, so the total cost will be 250 x (10% x $25))
Sir
I start f9 lecture late but am taking part in exam.
Can you suggest the best way I can revise so that I can catch up at least 50%.
ThanksThe exam is likely to cover the whole syllabus – there is not really any choice but to either watch all of the lectures (with the free course notes) in front of you, or alternatively to work through a study text.
You have time to do that, but you must also leave time to practice exam standard questions from your Revision Kit – practice is vital.
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