Nowlin Pipe & Steel has projected sales of 72,000 pipes this year, an ordering cost of $6per

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Nowlin Pipe & Steel has projected sales of 72,000 pipes this year, an ordering cost of $6per order, and carrying costs of $2.40 per pipe.

a.What is the economic ordering quantity?

b.How many orders will be placed during the year?

c.What will the average inventory be?

Posted Date: May 19, 2024 03:02 PM

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Nowlin Pipe & Steel has projected sales of 72,000 pipes this year, an ordering cost of $6per

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