Reid Pty Ltd has provided the following inventory and costs information of one of its products for the month of August: Annual requirements 5088 units Cost of placing one order $34 Annual cost of carrying one unit $1.4 Cost per unit of carrying insufficient stock $2.5.

REquired:

Compute the economic order quantity (EOQ) of the product.

Answer rating: 100% (QA)

To compute the Economic Order Quantity EOQ of the product you can use the following formula EOQ sq... View the full answer