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The manager of a hardware store is reviewing inventory policies for various items. Current policy is to replenish inventory for a particular item with weekly
The manager of a hardware store is reviewing inventory policies for various items. Current policy is to replenish inventory for a particular item with weekly demand of 60 units by ordering 360 units at a per unit cost of $80. The cost associated with placing an order is estimated at $30 and holding costs are figured annually at 25 percent of the unit cost. The hardware store is open 52 weeks per year. Using this information, answer the questions below: What is the Economic Order Quantity? O 97 0 9360 O 180 O 2340
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