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ABC company makes 53 orders of chairs in a year and orders 301 chairs each...

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Accounting

ABC company makes 53 orders of chairs in a year and orders 301 chairs each time. The fixed order costs are $564.75 per order and the carrying cost per unit is $64.02. The chairs are sold out before they are restocked. What are the carrying costs if the company orders the optimal quantity (Economic Order Quantity)?
Enter your answer rounded off to two decimal points. Do not enter comma or $ in the answer box.
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