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The following information has been gathered for Product A: Annual demand 760 units Purchase price per unit $300 Orders per year 10 Average daily demand

The following information has been gathered for Product A: Annual demand 760 units Purchase price per unit $300 Orders per year 10 Average daily demand 2.5 units Lead time in days 10 Cost of placing an order $40 Relevant insurance, handling. etc costs $8 Required return 10% What are the annual carrying costs for Product A if the company orders at the EOQ amount? Question 2 options: $320 $160 $760 $1,520 $80

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