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Need help with steps. Please solve the following problems related to Inventory Management 1. A produce distributor uses 5600 packing crates per year. The manager

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Need help with steps.

Please solve the following problems related to Inventory Management 1. A produce distributor uses 5600 packing crates per year. The manager has assigned an annual carrying cost of $6 per crate. Ordering cost is $50. (a) How much is the order quantity based on EOQ model? (b) How much is the total cost using EOQ model

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