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Fullerton IV Company has had a policy of reordering inventory every 30 days. Using the data below, what is the economic order quantity EOQ? Ordering
Fullerton IV Company has had a policy of reordering inventory every 30 days. Using the data below, what is the economic order quantity EOQ?
Ordering cost F $10 per order
Carrying cost C 20% of purchase price
Purchase price P $10 per unit
Total sales per year S 1,000 units
Safety stock 0
Days per year 360
What is the average daily usage rate? Assume 360 days per year. Round your answer to two decimal places.
If it takes 9 days between when the order is placed and when it is received, what is the reorder point? in units.
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