Company "X" is a retailer who sells shoes. Given the following data & using the "EOQ model" calculate the EOQ

monthly sales: 4,000 pairs purchase order lead time: 8 days days open per year: 365 relevant Purchase Order cost: $162.50 per purchase order relevant annual carrying costs: $15.60/ pair stockout costs: $48 per stockout safety stock definitely required 100 pairs

Question 31 options:

	1,000 pairs
	289 pairs
	1,100 pairs
	389 pairs