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Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity (EOQ) for controlling inventory. She wants to apply the

image text in transcribed Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity (EOQ) for controlling inventory. She wants to apply the EOQ to a sample product, the Super-Z Wedge. The Super-Z Wedge has an average demand of 60 units/week with an ordering cost of $300 /order. The cost of carrying a Super-Z Wedge in inventory is $30.00 /unit/year. Assume 50 work weeks in a year. Calculate the annual ordering cost if the EOQ is used as order quantity

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