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Keith Shoe Stores carries a basic black dress shoe for men that sells at an approximately constant rate of 5 0 0 pairs of shoes

Keith Shoe Stores carries a basic black dress shoe for men that sells at an approximately
constant rate of 500 pairs of shoes every three months. Keiths current buying policy is to
order 500 pairs each time an order is placed. It costs Keith $30 to place an order. The
annual holding cost rate is 20%. With the order quantity of 500, Keith obtains the shoes
at the lowest possible unit cost of $28 per pair

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