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BC Company sells 2244 chairs a year at an average price per chair of $165. The carrying cost per unit is $15.85. The company orders
BC Company sells 2244 chairs a year at an average price per chair of $165. The carrying cost per unit is $15.85. The company orders 500 chairs at a time and has a fixed order cost of $84 per order. The chairs are sold out before they are restocked. What is the economic order quantity?
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