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John's hardware annual demand for lumber is 6000 per year at a cost of $2 per lumber. The ordering cost is 10% of the purchasing

John's hardware annual demand for lumber is 6000 per year at a cost of $2 per lumber. The ordering cost is 10% of the purchasing cost and the holding cost is 100 per year. What is the approximate EOQ. 397 378 387 379

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