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

Where, R = The ordering cost (dollars per order)

Question 15 15 pts 2RA QEoQ TAc[0]= Rx A (V xW)xQ 2 + VW 2 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? $2,000 $5,000 $569.20 O $5,692.09

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