The weekly requirement of a part is 950 units. The order cost is $85 per order, the

Question:

The weekly requirement of a part is 950 units. The order cost is $85 per order, the holding cost is $5 per unit per year and the part cost is $250 per unit. The firm operates fifty-two weeks per year. Compute the
(a) EOQ
(b) Annual holding cost
(c) Annual order cost
(d) Annual total inventory cost.