Nelson's company uses EOQ Logic to determine the order quantity for its various componen plan its orders. The annual demand is $80000$ units, cost to place one order is $1200$$$,$ cost per unit is $50$$ and carrying cost is $6\%$ of unit cost. Find;

a$)$ EOQ

$D=80000$

$G=1200$

b$)$ No$.$ of order per year

cost per unit $=50$

c$)$ Ordering and Carrying Cost

carring cost is $6\%$

d$)$ Total Cost of Inventory

$h=0\mathrm{.}0650=3$