3. Samtel produces 160,000 telephones per annum but uses five units of raw materials to produce each
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3. Samtel produces 160,000 telephones per annum but uses five units of raw materials to produce each unit. The demand for telephones is stable throughout the year. It costs US$200 each time raw materials are ordered, and carrying cost is US$8 per unit of raw materials per annum. Calculate the EOQ and the total inventory costs.
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