Question $1$

$10pts$

Using the following givens, what would be the economic order quantity? Annual demand $=3000$ units. Holding costs $=$$$40.$ Ordering cost $=$$$2000.$ Lot size $=275$ units. Unit cost $$$200$

$($Choose the closest answer$)$

$548$

$1039$

$416$

$693$

$821$

$275$

$657$