Question: Using the givens provided below, find the lot size which will give the lowest total annual inventory cost. Choose the closest answer. Present lot size

Using the givens provided below, find the lot size which will give the lowest total annual inventory cost. Choose the closest answer. Present lot size = 500 Annual demand = 5000 Holding cost = 40% of unit cost Unit cost = $200 Ordering cost = $300 O 362 O 194 0274 O 387 411 O 329 500

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