EP CENTURY 21 ACCT... MINDTAP-1 YEAR
19th Edition
ISBN: 9780357704622
Author: Gilbertson
Publisher: CENGAGE L
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You purchase lubricating oil in 55-gallon drums and consume an average of 642 drums per year. Preparing an order and receiving a shipment of lubricant costs $7 per order. Annual carrying costs are $73 per drum. Determine the EOQ. Solve this Accounting problem
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