Business, 01.07.2021 15:20 milessims3953

Neurogenetics is a biotech firm. Their latest breakthrough drug requires a special chemical, which is purchased in gallon quantities. For the upcoming year, Neurogenetics has determined it will require 2,400 gallons. Because this chemical in its natural form has been classified as toxic, it requires federal approval, and this makes the cost of placing an order expensive. It has been estimated that the cost of placing an order is $4,500. The cost of the chemical is $3,600 per gallon. Neurogenetics has a cost of holding the chemical at 15% of the purchase price. What would be the total annual inventory cost for this part

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Neurogenetics is a biotech firm. Their latest breakthrough drug requires a special chemical, which i...

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