Question: Lou needs to determine the economic order quantity for part A-7. Lou spoke to his manager and was informed that 62,660 units are forecasted for

Lou needs to determine the economic order

Lou needs to determine the economic order quantity for part A-7. Lou spoke to his manager and was informed that 62,660 units are forecasted for the upcoming year. The negotiated price per unit for part A7 is $19.00. Lou estimates that it costs $2.15 to store part A7 and $12.20 to place an order with the supplier. What is the EOQ ? 825 units 148 units 596 units 843 units

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