Calculate economic order quantity

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Reference no: EM132199387

A local nursery, Greens, uses 1,560 bags of plant food annually. Greens works 52 weeks per year. It costs $10 to place an order for plant food. The annual holding cost rate is $5 per bag. Lead time is 1 week.

a. Calculate the economic order quantity

b. Calculate the total annual costs

c. Determine the reorder point:

Reference no: EM132199387

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