Question: whats the answer? Problem 21-9 Economic Order Quantity (LO3) Micro-Encapsulator Corp. (MEC) expects to sell 9,025 miniature home encapsulators this year. The cost of placing
Problem 21-9 Economic Order Quantity (LO3) Micro-Encapsulator Corp. (MEC) expects to sell 9,025 miniature home encapsulators this year. The cost of placing an order from its supplier is $50. Each unit costs $10.00 and carrying costs are 10% of the purchase price. a. What is the economic order quantity? (Round your answer to the nearest whole value.) :38 EOQ units b. What are total costs - order costs plus carrying costs - of inventory over the course of the year? (Round your answer to the nearest whole dollar.) Total costs of inventory
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