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Nowlin Pipe & Steel has projected sales of 84,000 pipes this year, an ordering cost of $3 per order, and carrying costs of $1.40 per

Nowlin Pipe & Steel has projected sales of 84,000 pipes this year, an ordering cost of $3 per order, and carrying costs of $1.40 per pipe.

What is the economic ordering quantity?

How many orders will be placed during the year?

What will the average inventory be?

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