Company ABC specializes in selling scented candles. The company has established a policy of reordering inventory every 50 days (assume 360 days a year) with other information of inventory management specified below. If the company adopts EOQ in inventory management, how frequent should the company order and what will be the TIC? Ordering cost = $30 per order Carrying cost = 18% of purchase price Purchase price = $2.1 per unit Total sales for year = 90,000 units

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