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ABC Company sells 34,363 chairs a year at an average price per chair of $9.83. The carrying cost per unit is $19.68. The company orders

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ABC Company sells 34,363 chairs a year at an average price per chair of $9.83. The carrying cost per unit is $19.68. The company orders 232 chairs at a time and has a fixed order cost of $46.35 per order. The chairs are sold out before they are restocked. What are the total costs if the company orders the optimal quantity (Economic Order Quantity)

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