Question: I am looking for the correct answer to this general accounting problem using valid accounting standards. A manufacturing company uses 2,400 units of a component

I am looking for the correct answer to this general accounting problem using valid accounting standards.

A manufacturing company uses 2,400 units of a component per year. The cost of carrying the component in inventory is $80 per unit per year, and the cost of placing an order is $120 per order. The company uses the component at a constant rate throughout the year. What is the Economic Order Quantity

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