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  • Jul 19, 2012, 05:13 AM
    jillr3
    Novelty gifts inc is experiencing some inventory control problems
    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)?

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