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The annual requirement of a part is 3 6 0 , 0 0 0 units. The order cost is $ 1 2 0 per order,

The annual requirement of a part is 360,000 units. The order cost is $120 per order, the holding rate is 12 percent and the part cost is $2,500 per unit. What are the (a) EOQ, (b) annual holding cost, (c) annual order cost, and (d) annual total inventory cost? Also If the company decided to order at a lot size of 2,800 units instead of the EOQ quantity, what is the annual holding cost? If the company decided to order at a lot size of 2,800 units instead of the EOQ quantity, what is the annual order cost (round to two decimal places)? If the company decided to order at a lot size of 2,800 units instead of the EOQ quantity, what is the total annual inventory cost (round to two decimal place)?

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