Question: ABC Ltd . uses EOQ logic to determine the order quantity for its various components and is planning its orders. The Annual consumption is 4

ABC Ltd. uses EOQ logic to determine the order quantity for its various components and is planning its orders. The Annual consumption is 460,000 units, the cost to place one order is $5200, the Cost per unit is $200, and the carrying cost is 17% of the Unit cost (therefore, inventory holding cost is = $200\times 0.17). Find the EOQ, No. of orders per year, Ordering Cost and Carrying Cost, and Total Cost of Inventory.

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