Question: Question 2 0 / 1 pts 2. A product has a demand of 1,200 units per year. Ordering cost is $20 and inventory carrying cost

Question 2 0 / 1 pts 2. A product has a demand of

Question 2 0 / 1 pts 2. A product has a demand of 1,200 units per year. Ordering cost is $20 and inventory carrying cost is $5 per unit per year. EOQ order size is 100 units. If the company orders the EOQ amount of 100 units each time an order is placed, what is the total annual inventory-related costs that the company will incur? $490 Cannot be determined $240 0 $600 $360

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