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Consider the following information in connection with a particular item of inventory: Holding cost per unit (H) = R3.00/unit; Cost per order (O) = R12.00/order

Consider the following information in connection with a particular item of inventory: Holding cost per unit (H) = R3.00/unit; Cost per order (O) = R12.00/order Annual demand (D) = 7 200 units REQUIRED: 1.1 Calculate the annual holding costs and annual ordering costs at EOQ.

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