C&A produces dog food in 25-pound bags. Monthly demand for C&A s dog food is 500 pounds. C&A has capacity to produce 700 25-pound bags per year. The setup cost to produce the dog food is $20. The holding cost is $5 per 25-pound bag per year. What is the economic production quantity?
44 bags
52 bags
54 bags
63 bags
75 bags