[Solved] A firm sells 16 units of an item each day

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A firm sells 16 units of an item each day. The carrying cost per unit is RM1.15 and the fixed costs per order are RM3.

A firm sells 16 units of an item each day. The carrying cost per unit is RM1.15 and the fixed costs per order are RM3. What is the EOQ of the firm? (Assume 360 days per year)

Select one: A. 155 B. 115 C. 173 D. 180

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