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A company purchase the following item from supplier A Annual Demand 3000 Holding cost/per year 2.0$ Ordering cost per order $40 Working days/year 250 Find:

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A company purchase the following item from supplier A Annual Demand 3000 Holding cost/per year 2.0$ Ordering cost per order $40 Working days/year 250 Find: 1- EOQ 2- average inventory 3- how many order/year 4-Total cost If the company is currently using ordering quantity of 300, calculate how much extra cost they are incurring by not following the EO

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