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#16 Farid Manufacturing has annual usage of inventory of 50,000 units. The cost of placing an order is RM100. The purchase price per unit is
#16 Farid Manufacturing has annual usage of inventory of 50,000 units. The cost of placing an order is RM100. The purchase price per unit is RM2.20. Carrying cost is 20 percent of its purchasing price. The company maintains a safety stock of 7500 units, and its delivery time is ten days. Calculate economic order quantity? Orders must be placed in multiples of 100 units. Answer 2800 units O 3800 units O 4800 units O 5800 units
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