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Chod Co. uses an EOQ model to determine its purchase quantities for the year. The following information is available: annual demand 25,000 units of material;
Chod Co. uses an EOQ model to determine its purchase quantities for the year. The following information is available: annual demand 25,000 units of material; cost of placing an order $50; cost of carrying the material in inventory $10 per unit. The material costs $100 per unit. Reference: Ref. 15-9 What is the total annual cost of the inventory policy (round to nearest whole number)? O A. $5,320 O B. $ 8,790 O C.$ 5,000 O D. $17.955
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