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Nowlin pipe & steel has projected sales of 32,400 pipes this year, an ordering cost of $3 per order, and carrying costs of $1.50 per

Nowlin pipe & steel has projected sales of 32,400 pipes this year, an ordering cost of $3 per order, and carrying costs of $1.50 per pipe.

A. What is the economic ordering quantity?

B. How many orders will be placed during the year?

C. What will be the average inventory?

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