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$)=$$$4500$

Annual demand $($units$)=1250$

Administrative cost per order of placing the order $=$$$20$

Dollar value of inventory $($per unit$)=$$$19$

Carrying costs of the inventory $($the annual percentage of the inventory dollar value$)=20\%$

Answer: