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The purchase price of an inventory is $50 per unit. In each three months, the usage of the item is 30,000 units. The annual holding
The purchase price of an inventory is $50 per unit. In each three months, the usage of the item is 30,000 units. The annual holding costs associated with one unit are equal 7% of its purchase price. The cost id placing an order for the item is $30. Required: What is the Economic Order Quantity (EOQ) for the inventory item to the nearest whole unit
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