The material is expected to cost $10 per gallon

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Reference no: EM13332051

SoCal Co. predicts that it will use 225,000 gallons of material during the year. the material is expected to cost $10 per gallon.
its anticipates that it will cost $40 to place each order. the annual carrying cost $2 per gallon.

A.determine the most economical order quantity by using the EOQ formula
B determine the total cost of ordering and carrying at EOQ point.

Reference no: EM13332051

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