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

You have annual demand for a product 3000 units per year, with an ordering costs at $600 per order, an average cost value of one unit of inventory at $60 and an annual carrying cost at 15% or $0.15 per dollar. Solve for Q.

Group of answer choices

3,000

3,600,00

6,324

632.45

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