The Universal Computer Company uses a newly developed A$1$ chip in the manufacturer of their tablet computers. The estimated annual demand for this chip is$12,000$ units. It is estimated that the cost to place an order is$$ $$75,$ and the holding cost for each chip is$$ $$20$ per year. The company operates $320$ days per year.

What is the economic order quantity for the A$1$ chip?

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Part $1$

A$.$

greater than $200$ units but less than or equal to $250$ units

B$.$

less than or equal to $200$ units

C$.$

greater than $300$ units

D$.$

greater than $250$ units but less than or equal to $300$ units