Question: Question no 10: ABC Ltd. uses EOQ logic to determine the order quantity for its various components and is planning its orders. The Annual consumption

Question no 10:

ABC Ltd. uses EOQ logic to determine the order quantity for its various components and is planning its orders. The Annual consumption is 80,000 units, Cost to place one order is $120, Cost per unit is $5 and carrying cost is 6% of Unit cost. Find EOQ, No. of order per year, Ordering Cost and Carrying Cost and Total Cost of Inventory.

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