Determining EOQ by Formula. Rainey Company uses 10,000 units of X-lon per year at a purchase price
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Determining EOQ by Formula. Rainey Company uses 10,000 units of X-lon per year at a purchase price of $30 per unit. The order cost is 515 per order, and inventory carrying cost is $3 per unit.
a. Use the formula to calculate the economic order quantity.
b. How many times per year must an order be placed?
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