Question: Question 1 1 : EOQ Please show all steps / work / formulas Matthew Liotine's Dream Store sells water beds and assorted supplies. His best

Question 11: EOQ
Please show all steps/work/formulas
Matthew Liotine's Dream Store sells water beds and assorted supplies. His best-selling bed has an annual demand of 400 units. Ordering cost is $40; holding cost is $5 per unit per year.
a) To minimize the total cost, how many units should be ordered each time an order is placed?
EOQ=___ units (round your response to the nearest whole number).
b) If the holding cost per unit was $6.00 instead of $5, what would the optimal order quantity be?
New EOQ=___ units (round your response to the nearest whole number).
 Question 11: EOQ Please show all steps/work/formulas Matthew Liotine's Dream Store

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