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Following information relating to a type of raw material is available: Annual demand 2,400 units,...

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Accounting

Following information relating to a type of raw material is available:
Annual demand 2,400 units, Unit price OMR .2.400, Ordering cost per order OMR.4.000, Storage cost 2% per annum, Interest rate 10% per annum. Calculate Economic Order Quantity.
a.
258 units
b.
852 units
c.
528 units
d.
None

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