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A manufacturer purchases 1200 units of a certain component p.a. @ $40 per unit from outside supplier. The annual usage is 1200 units, placing an

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A manufacturer purchases 1200 units of a certain component p.a. @ $40 per unit from outside supplier. The annual usage is 1200 units, placing an order cost is $100 per order and carrying cost on average inventory is $4. Calculate the Economic Order Quantity by tabular method. Also calculate the number of orders to be placed per year. 7 A iii UN III 8

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