Question: Using the information provided in Problem 20, (a) Calculate the economic order quantity for each item. (Round to the nearest whole number.) (b) Calculate the

Using the information provided in Problem 20,
(a) Calculate the economic order quantity for each item. (Round to the nearest whole number.)
(b) Calculate the company’s maximum inventory investment throughout the year.
(c) Calculate the company’s average inventory level.

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a Item Annual Demand Ordering Cost Holding Cost Unit Price EOQ 101 500 10 20 05 316 ... View full answer

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