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