Economic order quantity (EOQ).  Tinnendo, Inc. believes it will sell 4 million zen-zens, an electronic game, this coming year.  Note that this figure is for annual sales.  The inventory manager plans to order zen-zens 38 times over the next year.  The carrying cost is $0.03 per zen-zen per year.  The order cost is $671 per order.  What are the annual carrying cost, the annual ordering cost, and the optimal order quantity for the zen-zens?  Verify your answer by calculating the new total inventory cost.

What is the annual carrying cost for the zen-zens? $ (Round to the nearest dollar.)

Answer rating: 100% (QA)

Ans Expected sale in coning year 4000000 zen zens annual sales Inve... View the full answer