Order is based on economic order quantity

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The annual demand for an office supply company is 24,000 units. Its costs $30.00 to place an order and the holding cost per unit per year is $1.75. The company places an order on a quarterly basis. How much company will save its annual inventory cost if its order is based on Economic order quantity (EOQ)? (Show your work)

Reference no: EM131371312

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