Nowlin Pipe & Steel has projected sales of 12,600 pipes this year, an ordering cost...
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Accounting
Nowlin Pipe & Steel has projected sales of 12,600 pipes this year, an ordering cost of $5 per order, and carrying costs of $1.40 per pipe. a. What is the economic ordering quantity?
ECONOMIC ORDERING QUANITYT _______ UNITS
b. How many orders will be placed during the year?
NUMBER OF ORDERS _______ ORDERS c. What will the average inventory be?
AVERAGE INVENTORY _________ UNITS
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