Question: Using the information below, what is the Economic Order Quantity (EOQ) size of each batch? Annual demand 12000 Order cost $100 Average Purchase Price $22

Using the information below, what is the Economic Order Quantity (EOQ) size of each batch?

Annual demand 12000

Order cost $100

Average Purchase Price $22

Carrying Cost 25%

A. 660

B. 720

C. 754

D. 692

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