Economic order quantity; tabular computation Edgar Chemical, Inc., requires 20,000 gals. of material annually, where the cost
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Economic order quantity; tabular computation Edgar Chemical, Inc., requires 20,000 gals. of material annually, where the cost of placing an order is $20 and the annual carrying cost per unit is $5. Required: Determine the EOQ from potential order sizes of 300, 400, 500, and 800 gallons by constructing a table similar to the one appearing on page 58.
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