Question: The following information is available regarding a particular component: Component price GHS 3 7 Component usage 6 , 0 0 0 per month Cost of

The following information is available regarding a particular component: Component price GHS37 Component usage 6,000 per month Cost of placing an order GHS34 Cost of storing components for one year 2% of stock value The economic order quantity for the component (to the nearest unit) is:
A.743 units
B.[2572 units]
C.2,981 units
D.2,492 units

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