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

Using the Economic Order Quantity (EOQ) formula from the Contemporary Logistics textbook (Ch.8), calculate the EOQ in units using the following variables. Round your answer to the nearest whole number.Annual usage (dollars)= $5000Annual demand (units)=2000Administrative cost per order of placing the order = $25Dollar value of inventory (per unit)= $10Carrying costs of the inventory (the annual percentage of the inventory dollar value)=20%

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