A local furniture store is examining its inventory policy and considering using an economic order quantity (EOQ) approach for a popular table set that they have had difficulty keeping in stock. They have the following information about the table set: 
a.What is the current total annual cost (TC)?
b.What is the EOQ?
c.What is the total annual cost at the EOQ?
Correct Answer:
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= (Q/2) Co + (D/Q) Ch
= (80/2) 80 + (...
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