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The following information relates to stock item 007: Price of stock item 007 GHS20 per unit Cost of placing an order GHS15 Annual storage costs

The following information relates to stock item 007: Price of stock item 007 GHS20 per unit Cost of placing an order GHS15 Annual storage costs 3% of purchase price Monthly usage of 007 7,500 units per month The economic order quantity for 007 (to the nearest unit) is A. 463 units B. 612 units C. 1,604 units OD. [2,121 units] Reset Selection

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