Question: Given the following information, what is the economic ordering quantity (EOQ) for Nashville Records Inc.? Total demand (sales) = 15,000 units per year Selling price

Given the following information, what is the economic ordering quantity (EOQ) for Nashville Records Inc.? Total demand (sales) = 15,000 units per year Selling price = $10 per unit Purchase price (cost) = $5 Carrying costs = 25 percent of inventory value Fixed cost per order = $1,000

a. 3,464 units b. 490 units c. 1,549 units d. 346 units e. 4899 units

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