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Used Furniture sells 1,330 sofas a year at an average price per sofa of $549....

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Accounting

Used Furniture sells 1,330 sofas a year at an average price per sofa of $549. The carrying cost per unit is $31.60. The company orders 75 sofas at a time and has a fixed order cost of $69 per order. The sofas are sold out before they are restocked. What is the economic order quantity?

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