A particular raw material is available to a company at three different prices, depending on the size of the order:

Less than 100 pounds	$20 per pound
100 pounds to 1000 pounds	$19 per pound
More than 1000 pounds	$18 per pound

The cost to place an order is $40. Annual demand is 3,000 units. Holding (or carrying) cost is 25 percent of the material price. What is the economic order quantity to buy each time?

Quantity range	Cost (C)	EOQ	Feasible
Less than 100 pounds	$20 per pound
100 to 999 pounds	$19 per pound
1,000 or more pounds	$18 per pound