Question: The average demand per week is 400 units (=20,800 units per year, assuming 52 weeks in a year). Ordering cost = $50 per order; and

The average demand per week is 400 units (=20,800 units per year, assuming 52 weeks in a year). Ordering cost = $50 per order; and Holding cost = $3 per unit per year

Calculate the EOQ.

Calculate Total Annual Cost under the above EOQ

Using this EOQ system, how many times does the average inventory turn within a year?

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