Question Completion Status: A Moving to another question will save this response. Question 17 of 44 >> Question 17 10 points Save Answer Annual demand for the Ferrari laptop at Circuit Town is D=1000 units.. Ordering cost (S)=$400/order, each laptop costs $500 and holding costs (H) are 2% of the cost/unit/month. Assume that the business follows the EOQ ordering policy. What then, is the total cost of the EOQ ordering policy? EOQ = Sq root of [(2D*S)/H] D = annual demand in units S = cost of placing 1 order, H = cost of holding 1 unit of that item in inventory for 1 year and (TC= # of ordersyr * S + Avg. Inventory * H). Round up (for e.g. 9.22 becomes 10) when computing the # of orders' figure. Average inventory = (Beginning Inv + Ending Inv)2: # of orders/yr = D/order aty $10,120 O $55,000 58,024 0 0 0 S97,980 Question 17 of 445 > Moving to another question will save this response. MacBook Air