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Nelsons Hardware Store stocks a 19.2 volt cordless drill that is a popular seller. Annual demand is 5,000 units, the ordering cost is $15, the
Nelsons Hardware Store stocks a 19.2 volt cordless drill that is a popular seller. Annual demand is 5,000 units, the ordering cost is $15, the product cost is $16 per unit, and the inventory holding cost is 25% per year. a) What is the economic order quantity? b) What is the total annual cost for this inventory item
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