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Using the EOQ model for the following questions: Annual demand for an item that costs $9 is 14,000 units, and one order has a lot

Using the EOQ model for the following questions:

Annual demand for an item that costs $9 is 14,000 units, and one order has a lot size of 800 units. If the cost per order is $30 and the carrying cost is %20

What is the annual ordering cost? (Answer: $525)

Answer:

What is the annual inventory carrying cost? (Answer: $720)

Answer:

c) What is the overall cost of inventory holding and placing?

Answer:

What is the economic order quantity? (Answer: 683 units)

Answer:

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