Question: please do it on the notebook A service garage uses 120 boxes of cleaning cloths a year. The boxes cost $7 each. Ordering cost is

please do it on the notebook

A service garage uses 120 boxes of cleaning cloths a year. The boxes cost $7 each. Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on an annual basis. Determine: (a) The economic order quantity. (b) The total cost of carrying the cloths (excluding purchase price) A B E

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