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Used Furniture sells 1,330 sofas a year at an average price per sofa of $549. The carrying cost per unit is $31.60. The company orders
Used Furniture sells 1,330 sofas a year at an average price per sofa of $549. The carrying cost per unit is $31.60. The company orders 75 sofas at a time and has a fixed order cost of $69 per order. The sofas are sold out before they are restocked. What is the economic order quantity?
A. 98 sofas
B. 101 sofas
C. 76 sofas
D. 72 sofas
E. 81 sofas
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