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Request help understanding the below question. Thanks! The annual requirements for a particular raw material are 2 , 0 0 0 units costing Re .
Request help understanding the below question. Thanks!
The annual requirements for a particular raw material are units costing Re each to the manufacturer. The ordering cost is Rs per order and the carrying cost per annum of the average inventory value.
Find and explain the economic order quantity and the total inventory cost per annum
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