Question: This is my work: A particular raw material is available to a company at three different prices, depending on the size of the order. Less

This is my work: A particular raw material is

This is my work:

This is my work: A particular raw material is

A particular raw material is available to a company at three different prices, depending on the size of the order. Less than 100 pounds 100 pounds to 999 pounds 1,000 pounds or more $20 $19 $ 18 per pound per pound per pound The cost to place an order is $60. Annual demand is 2,900 units. Holding (or carrying) cost is 20 percent of the material price What is the economic order quantity to buy each time, and its total cost? (Round your answers to the nearest whole number.) 310 pounds Economic order quantity Total cost $ References eBook & Resources Worksheet Difficulty: Intermediate Problem 11-38 Learning Objective: 20-02 Analyze how different inventory control systems work zele meletal Ordering cont (o) s &60 Economic order humbly (500) Jardio 12% 2900 X60 0.2013 34000 14 = 294.9576241 or (295/ below lev ponds Lehreen Woods to ans ands Holding to leaqutin 2x 2960 x 60 10-20 19 - 1 348,00 13.8 = 302.62 2 302.620 1371 303 borne lovo a pube = 2x2900 x 60/0.20 * 18 =V348.17 73.6 = 310.9126351 =311

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