Refer to the data in Exercise 20-6. Required: 1. Compute the economic order quantity. 2. Compute the

Question:

Refer to the data in Exercise 20-6.

Required:

1. Compute the economic order quantity.

2. Compute the ordering, carrying, and total costs for the EOQ.

3. How much money does using the EOQ policy save the company over the policy of purchasing, 10,000 plastic housing units per order?

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