Question: ABC Ltd. uses EOQ logic to determine the order quantity for its various components and is planning its orders. The Annual consumption is 160,000 units,

ABC Ltd. uses EOQ logic to determine the order quantity for its various components and is planning its orders. The Annual consumption is 160,000 units, cost to place one order is $ 2,400, Cost per unit is $ 100 and carrying cost is 12% of Unit cost (therefore, inventory holding cost is = $100 0.12). Find the EOQ, No. of order per year, Ordering Cost and Carrying Cost and Total Cost of Inventory.

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