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#3) (4 Marks) Lois Inc expects sales of goods to be $200,000 this year, an ordering cost of $50.00 per order, and carrying costs of

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#3) (4 Marks) Lois Inc expects sales of goods to be $200,000 this year, an ordering cost of $50.00 per order, and carrying costs of $5.00 per good. The price of a good is $25. a) What is the EOQ? b) How many orders will be placed during the year? c) What will be the average inventory? d) Explain how a safety stock impacts the average inventory levels. s for

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