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The demand for an item is 2,000 units per year. If the unit cost is $3.50, the cost of placing an order is $70. The
The demand for an item is 2,000 units per year. If the unit cost is $3.50, the cost of placing an order is $70. The cost of holding inventory is 22%. What is the optimal quantity that should be purchased? What is the cycle inventory? What is the number of orders per year? What is the annual cost of holding inventory and ordering? (Capture your answers without decimals)
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