Question: ( Economic Order Quantity EOQ ) 1 . Given the following information, compute the economic order quantity, annual holding cost, annual order cost, and annual

(Economic Order Quantity EOQ)1. Given the following information, compute the economic order quantity, annual holding cost, annual order cost, and annual total inventory cost.Annual requirements (R)=50,000 unitsOrder cost (S)= $150 per orderHolding rate (k)=15%Unit cost (C)= $100 per unit 2. The annual requirement of a part is 360,000 units. The order cost is $120 per order, the holding rate is 12 percent and the part cost is $2,500 per unit. What are the (a) EOQ, (b) annual holding cost, (c) annual order cost, and (d) annual total inventory cost?

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