Nowlin Pipe & Steel has projected sales of 72,000 pipes this year, an ordering cost...
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Accounting
Nowlin Pipe & Steel has projected sales of 72,000 pipes this year, an ordering cost of $6 per order, and carrying costs of $2.40 per pipe. a. What is the economic ordering quantity? b. How many orders will be placed during the year? c. What will the average inventory be
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