Question: Given the following information, what is the economic ordering quantity (EOQ) for Shinebird Textiles? Ordering costs = $40 per order Carrying costs = 20% of

Given the following information, what is the economic ordering quantity (EOQ) for Shinebird Textiles? Ordering costs = $40 per order Carrying costs = 20% of purchase price Purchase price (cost) = $10 per unit Total sales for year = 1,000 units

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