Question: Follow the given data below and answer the following question. A service garage uses 150 boxes of cleaning cloths a year. The boxes purchase cost

Follow the given data below and answer the

Follow the given data below and answer the following question. A service garage uses 150 boxes of cleaning cloths a year. The boxes purchase cost $30 each. Ordering cost is $9 and holding cost is 10 percent of purchase cost per unit on an annual basis. Determine the following: A) The economic order quantity (B) The total cost of ordering and carrying the cloths (excluding purchase price)

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