Question: Company operating under a continuous review system has an average demand of 50 units per week for the item it produces. it cost the company

Company operating under a continuous review system has an average demand of 50 units per week for the item it produces. it cost the company $30 to process each order. The holding cost for each unit is $10 per year the company operates 52 weeks per year.

1.what is the EOQ

2.what is the average inventory

3.how many orders does the company need to place to meet the annual demand

4.what is the total annual inventory cost

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