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A particular raw material is avallable to a company at three different prices, depending on the size of the order: The cost to place an

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A particular raw material is avallable to a company at three different prices, depending on the size of the order: The cost to place an order is $60. Annual demand is 3,100 units. The holding (or carrying) cost is 20 percent of the material price. What is the economic order quantity to buy each time, and its total cost? (Round your answers to the nearest whole number.)

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