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Use the information provided below to calculate the annual Economic Order Quantity. The following details...

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Accounting

Use the information provided below to calculate the annual Economic Order Quantity.

The following details supplied by Dex Limited for one of its products:

Sales per month - 7 500 units. Carrying costs as a percentage of the unit purchase price 20%. Purchase price per unit - R 100. Cost of placing an order - R 10.

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