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Company sells 2,583 chairs a year at an average price per chair of $141. The carrying cost per unit is $28.89. The company orders 502
Company sells 2,583 chairs a year at an average price per chair of $141. The carrying cost per unit is $28.89. The company orders 502 chairs at a time and has a fixed order cost of $92.8 per order. The chairs are sold out before they are restocked. What are the total shortage costs?
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