2. Nelson's company uses EOQ Logic to determine the order quantity for its various components and...

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2. Nelson's company uses EOQ Logic to determine the order quantity for its various components and to plan its orders. The annual demand is 80000 units, cost to place one order is 1200$, cost per unit is 50$ and carrying cost is 6% of unit cost. Find; a) EOQ b) No. of order per year c) Ordering and Carrying Cost d) Total Cost of Inventory 2. Nelson's company uses EOQ Logic to determine the order quantity for its various components and to plan its orders. The annual demand is 80000 units, cost to place one order is 1200$, cost per unit is 50$ and carrying cost is 6% of unit cost. Find; a) EOQ b) No. of order per year c) Ordering and Carrying Cost d) Total Cost of Inventory