Question: Using the givens provided below, find the lot size at which annual holding costs would be equal to annual ordering cost. Choose the closest answer.Ordering

Using the givens provided below, find the lot size at which annual holding costs would be equal to annual ordering cost. Choose the closest answer.Ordering cost

=

400

Holding cost

=

50

per unitAnnual demand

= 17, 500

Unit cost

=

200

Present lot size

= 350

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