Solved: A product has demand of 1301 units per year ordering cost, Business Management

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A product has demand of 1301 units per year ordering cost

A product has demand of 1,301 units per year. Ordering cost is $113 and holding cost is $9.79 per unit per year. The EOQ model is appropriate. The EOQ (optimal order quantity, Q) solution for this product will cost about _____ per year in total annual inventory-related costs (holding plus ordering). (round to the nearest dollar)

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Business Management: A product has demand of 1301 units per year ordering cost

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