Question: Where, R = The ordering cost (dollars per order) A = Annual demand or usage of the product W = Annual inventory carrying cost (as

Where,

R = The ordering cost (dollars per order)

A = Annual demand or usage of the product

W = Annual inventory carrying cost (as percentage of product cost or value)

V = Average cost of value of one unit of inventory

Based on the previous solution EOQ 1 above, what is the total annual cost TAC?

Group of answer choices

a- $2,000

b- $5,000

c- $569.20

d- $5,692.09

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