question archive University Furniture sells 2,500 sofas a year at an average price per sofa of $1,250
University Furniture sells 2,500 sofas a year at an average price per sofa of $1,250
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University Furniture sells 2,500 sofas a year at an average price per sofa of $1,250. The carrying cost per unit is $11.60. The company orders 80 sofas at a time and has a fixed order cost of $55 per order. The sofas are sold out before they are restocked. What is the economic order quantity?
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