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What will be the minimum total cost

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Factory requires 500 units of raw materials per month. If costs Rs. 100 for ordering to supply raw materials on every order. The holding cost is expected to be Rs. 2 per unit of average inventory.

Question 1. What is the value os EOQ

Question 2. What will be the minimum total cost? And what will be the maximum inventory level.

Reference no: EM132574846

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