Question: All EOQ arw incorrect. Please I need on the eoq part. Problem 11-38 A particular raw material is available to a company at three different



All EOQ arw incorrect. Please I need on the eoq part.
Problem 11-38 A particular raw material is available to a company at three different prices, depending on the size of the order. Less than 100 pounds 100 pounds to 999 pounds 1,000 pounds or more $20 $19 $ 18 per pound per pound per pound The cost to place an order is $60. Annual demand is 2,900 units. Holding (or carrying) cost is 20 percent of the material price. What is the economic order quantity to buy each time, and its total cost? (Round your answers to the nearest whole number.) Economic order quantity Total cost 295 54174 pounds A Problem 11-38 A particular raw material is available to a company at three different prices, depending on the size of the order: Less than 100 pounds 100 pounds to 999 pounds 1,000 pounds or more $20 $19 $ 18 per pound per pound per pound The cost to place an order is $60. Annual demand is 2,900 units. Holding (or carrying) cost is 20 percent of the material price. What is the economic order quantity to buy each time, and its total cost? (Round your answers to the nearest whole number.) Economic order quantity Total cost 303 54174 pounds S 2021 LeEdwear Problem 11-38 A particular raw material is available to a company at three different prices, depending on the size of the order Less than 100 pounds $20 per pound 100 pounds to 999 pounds $ 19 per pound 1,000 pounds or more $ 18 per pound The cost to place an order is $60 Annual demand is 2,900 units Holding (or carrying) cost is 20 percent of the material price. What is the economic order quantity to buy each time, and its total cost? (Round your answers to the nearest whole number.) Economic order quantity Total cost 311 54174 pounds AStep by Step Solution
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