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XYZ is a retailer and sells 162,000 units per year. It purchases from a single supplier....

XYZ is a retailer and sells 162,000 units per year. It purchases from a single supplier. Fixed costs per order are $931 and carrying cost is $14 per unit per year. In economic order quantity model, what would be the lowest total inventory cost? That is, the lowest sum of total carrying cost and total shortage cost.  

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