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REQUIRED Use the information provided below to calculate the economic order quantity. INFORMATION Maxwell Wholesalers anticipates sales of 1 0 0 0 0 units per

REQUIRED

Use the information provided below to calculate the economic order quantity.

INFORMATION

Maxwell Wholesalers anticipates sales of

10000

units per month, a purchase price of R

40

per unit, an

ordering cost of R

12

per order, and a carrying cost of

20 %

of the unit cost price.

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