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What is the economic order quantity

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An item has a weekly demand of 240 units throughout the year. The item has a unit value of $42 and the company uses 20% of the item value for the annual inventory cost. When ordered, the setup cost to produce an order is $600, and the production process is able to produce 500 per week and deliver them weekly as produced. What is the economic order quantity.

Reference no: EM131880943

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