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ABC Company must purchase a total of 9,000 units during the year to meet yearly demand for this product. Each unit has a purchase cost

ABC Company must purchase a total of 9,000 units during the year to meet yearly demand for this product. Each unit has a purchase cost of $20. It costs $15 every time an order is placed and it costs $3 to carry one unit in stock for a year. What is the economic ordering quantity (EOQ) for this product?

Question 4 options:

400 units

347 units

60 units

300 units

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