19.16 Wells Xavier Limited uses the EOQ formula to determine the optimal size of inventory orders. The
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19.16 Wells Xavier Limited uses the EOQ formula to determine the optimal size of inventory orders. The company’s management accountant has identified the following information in respect of inventory item SP36:
Annual demand for SP36 5 10,000 units Holding cost per unit of SP36 5 £12.70 Cost per order 5 £23.50 What is the economic order quantity?
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