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Create your own example of economic order quantity by addressing the following points: 1. Describe the product and the number of units normally sold each

Create your own example of economic order quantity by addressing the following points:

1. Describe the product and the number of units normally sold each year

2. What is the ordering cost?

3. What is the carrying cost?

4. Calculate the economic order quantity.

5. What is the average quantity of inventory on hand?

Be specific and provide detail.

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