Question: If EOQ = 289 units, D = 100 per year, and H= $1 per unit, what approx. annual ordering cost (S) level would the EOQ

If EOQ = 289 units, D = 100 per year, and H= $1 per unit, what approx. annual ordering cost (S) level would the EOQ model best fit? Pick the closest answer option. EOQ Sq root of [(2D*S)/H] D = annual demand in units S = cost of placing 1 order; H = cost of holding 1 unit of that item in inventory for 1 year About $5011/order About $500/order About $418/order Between $5020 - $9500/order

If EOQ=289 units, D=100 per year, and H=$1 per unit, what approx, annual ordering cost (S ) level would the EOQ model best fit? Pick the closest answer option. EOQ=Sqrootof[(2DS)/H] D= annual demand in units S= cost of placing 1 order, H= cost of holding 1 unit of that item in inventory for 1 year About \$5011/order About $500 order About \$418/order Between $5020 - $9500/ order

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