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ABC Company sells 40,758 chairs a year at an average price per chair of $16.05. The carrying cost per unit is $12.5. The company

ABC Company sells 40,758 chairs a year at an average price per chair of $16.05. The carrying cost per unit is $12.5. The company orders 150 chairs at a time and has a fixed order cost of $39.84 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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