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A product has a demand of 94,000 units per year. Ordering cost is $50 per order, and holding cost is $22 per unit per year.

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A product has a demand of 94,000 units per year. Ordering cost is $50 per order, and holding cost is $22 per unit per year. The EOQ model is appropriate. The cost-minimizing solution for this product will cost per year in total annual inventory (holding and setup) costs. (Do not round intermediate calculations. Round answer to the nearest whole number.) A. $14,381 B. $7,190 C. $654 D. Zero; this is a class C item. E. Cannot be determined because the unit price is not known

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