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A company has an annual demand of 20,000 units. Each order costs $15 and each unit costs $1.50 to carry. a) calculate the EOQ b)

A company has an annual demand of 20,000 units. Each order costs $15 and each unit costs $1.50 to carry.

a) calculate the EOQ

b) calculate the average inventory

c) calculate the total annual inventory cost under EOQ

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