Question: order cost is $ 4 7 , inventory - holding cost rate ( percent of item cost ) is 2 2 percent. Use the EOQ
order cost is $ inventoryholding cost rate percent of item cost is percent. Use the EOQ Model Excel template in MindTap to answer the following:
a Find the EOQ and total cost assuming no waste disposal. Do not round intermediate calculations. Round your answer for the EOQ to the nearest whole number and for the total cost to the nearest cent.
Economic Order Quantity:
Total cost: $
Choose the correct graph illustrating the inventory costs. round any other intermediate calculations.
Economic Order Quantity: lb
Total cost: $
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