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Excell Manufacturers sells 8 0 3 0 units of their leather bags per annum. The product has a fixed order cost of R 4 0

Excell Manufacturers sells 8030 units of their leather bags per annum.
The product has a fixed order cost of R40.
Storage costs the entity R4 per unit per annum.
It takes five days to receive an order.
Calculate the EOQ and the Reorder point

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