ABC Company must purchase a total of 9,000 units during the year to meet yearly...
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Accounting
ABC Company must purchase a total of 9,000 units during the year to meet yearly demand for this product. Each unit has a purchase cost of $20. It costs $15 every time an order is placed and it costs $3 to carry one unit in stock for a year. What is the economic ordering quantity (EOQ) for this product?
Question 4 options:
400 units
347 units
60 units
300 units
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