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02-06-2023
Business

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Reid Pty Ltd has provided the following inventory and costs information of one of its products for the month of August:
Annual requirements: 5745 units
Cost of placing one order: $39
Annual cost of carrying one unit: $1.5
Cost per unit of carrying insufficient stock :$2.8
Based on the information provided, compute the economic order quantity (EOQ) of the product.

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