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Nowlin Pipe & Steel has projected sales of 76,800 pipes this year, an ordering cost of $4 per order, and carrying costs of $1.50 per

Nowlin Pipe & Steel has projected sales of 76,800 pipes this year, an ordering cost of $4 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 the average inventory be?

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