Question: Need help with steps. Please solve the following problems related to Inventory Management 1. A produce distributor uses 5600 packing crates per year. The manager

Need help with steps. Please solve the following problems related to

Need help with steps.

Please solve the following problems related to Inventory Management 1. A produce distributor uses 5600 packing crates per year. The manager has assigned an annual carrying cost of $6 per crate. Ordering cost is $50. (a) How much is the order quantity based on EOQ model? (b) How much is the total cost using EOQ model

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