Question: Given the following information, compute the economic order quantity, annual holding cost, annual order cost and annual total inventory cost. Annual requirements (R) = 50,000

Given the following information, compute the economic order quantity, annual holding cost, annual order cost and annual total inventory cost.
Annual requirements (R) = 50,000 units
Order cost (S) = $150 per order
Holding rate (k) = 15%
Unit cost (C) = $100 per unit

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