The annual requirement of a part is 360,000 units. The order cost is $120 per order, the

Question:

The annual requirement of a part is 360,000 units. The order cost is $120 per order, the holding rate is 12 percent and the part cost is $2,500 per unit. What are the
(a) EOQ
(b) Annual holding cost
(c) Annual order cost
(d) Annual total inventory cost?