Question: Problem 7-14 Economic ordering quantity [LO7-5] Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retali
Problem 7-14 Economic ordering quantity [LO7-5] Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retali stores. Fisk anticlpates sales of 58,800 units per year, an ordering cost of $1 per order, and carrying costs of $1.50 per unit. a. What is the economic ordering quantity? b. How many orders will be placed during the year? c. What will the overage inventory be
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