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A firm has an average inventory of 4,000 units. The carrying cost per unit per year is 8. The firm places an order for 9,000 units on the first of...

A firm has an average inventory of 4,000 units. The carrying cost per unit per year is 8¢. The firm places an order for 9,000 units on the first of each month and the order cost is $60. What is the economic order quantity (EOQ)?
A) 9,655 units
B) 11,904 units
C) 12,728 units
D) 13,573 units
E) 15,600 units

This question was asked on Jan 21, 2013.

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