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Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 1
Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of units per year, ordering costs of $ per order, and carrying costs of $ per unit. Assuming the economic order quantity is used, what is the total cost of ordering and carrying inventory? How many orders will be placed during the year?What is the total cost of ordering and carrying inventory?
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