Johnson & Johnson Inc. has relatively stable demand for its products throughout the year, with an annual total of 18 comma 00018,000

items. The cost of placing an order is estimated at euro240240 and the annual cost of holding inventory is estimated at 2727%

of the product's value. The company purchases the items for euro417417.

Using the EOQ formula, how many items should the company order at a time? What is the total cost of this plan?

(EOQ should be rounded to integer number).

(Total cost= Annual Ordering cost + Annual Holding Cost excluding Material Cost in this example

Round total cost to integer number).