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ABC company makes 47 orders of chairs in a year and orders 10,889 chairs each time. The fixed order costs are $424.51 per order and
ABC company makes 47 orders of chairs in a year and orders 10,889 chairs each time. The fixed order costs are $424.51 per order and the carrying cost per unit is $23.87. The chairs are sold out before they are restocked. What are the shortage costs if the company orders the optimal quantity (Economic Order Quantity)? Enter your answer rounded off to two decimal points. Do not enter comma or $ in the answer box
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