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Reid Pty Ltd has provided the following inventory and costs information of one of its products for the month of August: Annual requirements 5745 units
Reid Pty Ltd has provided the following inventory and costs information of one of its products for the month of August: | |
Annual requirements | 5745 units |
Cost of placing one order | $39 |
Annual cost of carrying one unit | $1.5 |
Cost per unit of carrying insufficient stock | $2.8 |
Based on the information provided, compute the economic order quantity (EOQ) of the product.
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