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Economic Order Quantity Ottis, Inc., uses 783,225 plastic housing units each year in its production of paper shredders. The cost of placing an order is

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Economic Order Quantity Ottis, Inc., uses 783,225 plastic housing units each year in its production of paper shredders. The cost of placing an order is $24. The cost of holding one unit of inventory for one year is $12. Currently, Ottis places 177 orders of 4,425 plastic housing units per year Required: 1. Compute the economic order quantity units 2. Compute the ordering, carrying, and total costs for the EO Ordering cost Carrying cost Total cost 3. How much money does using the EOQ policy save the company over the policy of purchasing 4,425 plastic housing units per order? Round your answer to the nearest dollar

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