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QUESTION
Assume that Blazer DNA (Deoxyribonucleic Acid) Services uses 4,000 units of a special chemical a year. Based on order size, the units of special...
Furthermore, we know that it costs about $18 to prepare and receive an order, and carrying costs are 18 percent of cost per unit per annum (year). For a calculated EOQ of 970 units, what will be the approximate minimum total annual inventory costs?
