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2. The following information has been gathered for Product A: Annual demand: 400 units Orders per year: 10 Average daily demand: 1.6 units Lead time

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2. The following information has been gathered for Product A: Annual demand: 400 units Orders per year: 10 Average daily demand: 1.6 units Lead time in days: 10 Cost of placing an order: $40 What is the economic order quantity assuming each order was made at the EOQ amount? a. 9 units b. 10 units c. 20 units d. 40 units e. 46 units

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