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Oliver Enterprise Ltd has provided the following stock and costs for the month of August: Annual requirements 5,787 units Cost of placing one order $37

Oliver Enterprise Ltd has provided the following stock and costs for the month of August:

Annual requirements

5,787 units

Cost of placing one order

$37

Annual cost of carrying one unit

$1.8

Cost per unit of carrying insufficient stock

$2.5

Compute the economic order quantity (EOQ) based on the information provided.

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