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View Full Version : Novelty gifts inc is experiencing some inventory control problems


jillr3
Jul 19, 2012, 05:13 AM
Novelty gifts inc is experiencing some inventory control problems. The manager, Wanda LaRue, currently orders 5000 units four times per year for a total sales demand of 20,000 units. Each order costs $15 and each unit costs $1.50 to carry. What is the economic ordering quantity (EOQ)?