Sunlight Ltd. uses 40,000 units of product B123 in production of their best-selling product per...
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Sunlight Ltd. uses 40,000 units of product B123 in production of their best-selling product per annum. The firm purchases B123 at a price of 4.00 per unit and orders are filled virtually instantaneously. Ordering costs are 3 per order. Annual carrying costs are 50% of the inventory value. Determine the economic order quantity (EOQ) of B123 (to the nearest unit)
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