Question: EOQ An organization is determining the economic order quantity, EOQ, for the upcoming year. The previous year s ordering cost per order, $ 2 5

EOQ
An organization is determining the economic order quantity, EOQ, for the upcoming year. The previous years ordering cost per order, $253, and holding cost per unit per year, $2.75, is expected the remain the same. However, annual demand is expected to grow by 5.5% from the previous year. Given the previous years information provided, answer the questions below in MS Word and execute all calculations in MS Excel.
What is the quantity of units that shall be ordered per order?
What is the total cost of ordering and holding inventory?
How many orders will be placed in the upcoming year?

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