A certain good with annual demand of 600 units is priced at $20 per unit. It costs
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A certain good with annual demand of 600 units is priced at $20 per unit. It costs $14 to place each order, and the monthly cost of holding each unit of the good is priced at 7% of the good's unit price. Find the Economic Order Quantity (EOQ) assuming 12 working months in a year. Round your answer to the nearest integer.
| A. | 110 | |
| B. | 141 | |
| C. | 490 | |
| D. | 32 |
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