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15 Points One of UV's principal raw materials is plastic pellets, which it purchases in lots of 100 pounds at 0.35 per pound Annual consumption

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15 Points One of UV's principal raw materials is plastic pellets, which it purchases in lots of 100 pounds at 0.35 per pound Annual consumption is 8,000,000 pounds Within a broad range of order sizes, ordering and shipping costs are 120 per order Carrying costs are 1 50 per year per 100 pounds. Compute the Economic Order Quantity for plastic pellets. The pellets can only be ordered in whole lots of 100 pounds, so use 8,000,000/100. If UV used the EOQ model, how often would it order pellets

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