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Expedition Industries requires part XC-4 to manufacture one of its most popular products. Expedition produces 32,000 units of this popular product each year, it costs
Expedition Industries requires part XC-4 to manufacture one of its most popular products. Expedition produces 32,000 units of this popular product each year, it costs Expedition $12 per unit in holding costs, and order costs are $240. In order to minimize inventory costs, Expedition wants to determine the economic order quantity and its total inventory costs if it implements EOQ. Expeditions total annual inventory cost is approximately
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