Abakery buys sugar in 15-pound bags. the bakery uses 5000 bags of sugar each year. carrying costs are $20 per bag per year. ordering costs are estimated at $5 per order. assume that the bakery is open 250 days a year and its daily demand is estimated at 20 bags. it takes 5 days for each order of sugar to be filled. what is the minimum inventory held in a given eoq cycle?

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost