Compute annual estimated demand for a product if the economic order quantity is 1,600 units, carrying cost

Question:

Compute annual estimated demand for a product if the economic order quantity is 1,600 units, carrying cost is $0.35 per unit, and ordering cost is $140.00 per order.

Economic Order Quantity
Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs. This production-scheduling model was developed in 1913 by Ford W. Harris and has...