Question: Given the following information, identify the data you need to calculate the Economic Order Quantity and perform the calculation: Average weekly demand: 50 units Order

Given the following information, identify the data you need to calculate the Economic Order Quantity and perform the calculation:

Average weekly demand: 50 units

Order cost: $20/order

Carrying cost: 25%

Unit product cost: $200

Desired service level: 98.5%

Z Score for desired service level: 2.17

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