Question: Using the Economic Order Quantity ( EOQ ) formula from the Contemporary Logistics textbook ( Ch . 8 ) , calculate the EOQ in dollars

Using the Economic Order Quantity (EOQ) formula from the Contemporary Logistics textbook (Ch.8), calculate the EOQ in dollars using the following variables. Annual usage (dollars)= $2250Annual demand (units)=2500Administrative cost per order of placing the order = $25Dollar value of inventory (per unit)= $12Carrying costs of the inventory (the annual percentage of the inventory dollar value)=30%

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