Question: For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model is 100 units, and the total annual Inventory (carrying and setup)

For a certain item, the cost-minimizing order

For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model is 100 units, and the total annual Inventory (carrying and setup) cost is $800, What is the inventory carrying cost per unit per year for this item? (Note: Total cost - (ordering cost) + (setup cost) EOQ H. EOQ replace in the toal annual cost function and use the values for the toal cost and EOQ to find H) DS EOO 2DS -> H H 2DS ECO2 $150.00 $8.00 $1.50 not enough data to determine $3.00

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