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ABC company makes 51 orders of chairs in a year and orders 223 chairs each time. The fixed order costs are $824.92 per order and
ABC company makes 51 orders of chairs in a year and orders 223 chairs each time. The fixed order costs are $824.92 per order and the carrying cost per unit is $85.75. The chairs are sold out before they are restocked. What are the carrying 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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