Max Company, a producer of dinnerware, has an A group inventory item that is vital...
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Accounting
Max Company, a producer of dinnerware, has an A group inventory item that is vital to the production process. This item costs $20.67 per unit. The company uses 17680 units of the item per year and order costs are $113 per order. If the carrying costs are $19.76 per unit how many orders will Max Company place per year if they use the EOQ model to determine the order quantity? Please type your answer rounded to the nearest whole number and exclude commas. (e.g. Record an answer of 1,234.50 as 1235).
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