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A company makes bicycles. It produces 450 bicycles a month. It buys the tires for bicycles from a supplier at a cost of $20 per

A company makes bicycles. It produces 450 bicycles a month. It buys the tires for bicycles from a supplier at a cost of $20 per tire. The companys inventory carrying cost is estimated to be 15% of cost and the ordering is $50 per order. Calculate: EOQ (marks - 3) What is the number of orders per year? n = D / Q (marks - 2) The average annual ordering cost. (marks - 2) The average inventory (marks - 2) average annual carrying cost (marks - 2) Total cost (marks - 3) SHOW your work

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