What is economic order quantity

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Reference no: EM131302864

ABC Company sells 4,643 chairs a year at an average price per chair of $147. The carrying cost per unit is $16.67. The company orders 500 chairs at a time and has a fixed order cost of $47 per order. The chairs are sold out before they are restocked. What is the economic order quantity? Enter your answer rounded off to two decimal points. Do not enter comma in the answer box.

Reference no: EM131302864

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