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SoCal Co. predicts that it will use 225,000 gallons of material during the year. the material is expected to cost $10 per gallon. its anticipates

SoCal Co. predicts that it will use 225,000 gallons of material during the year. the material is expected to cost $10 per gallon. its anticipates that it will cost $40 to place each order. the annual carrying cost $2 per gallon. A.determine the most economical order quantity by using the EOQ formula B determine the total cost of ordering and carrying at EOQ point

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