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A company wants to calculate the economic order quantity (EOQ) for an item of inventory The following data is available in 1 Monthly demand 1,000

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A company wants to calculate the economic order quantity (EOQ) for an item of inventory The following data is available in 1 Monthly demand 1,000 units 2 Cost of placing an order $25 3 Cost of holding one unit of inventory $2.50 per annum Economic order quantity ?? 4 What the EOQ rounded to the nearest tanth? (You can use calculator or Excel spreadsheet)

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