Sales are estimated to be 4,500 (d) units annually at $3,000 each. The cost of each unit for Taylor Incorporated is $1,200 (v). Inventory carrying cost is (c) 5% of the cost value of the device. Order placement (p) cost is $60.
I need to know the Economic Order Quantity (EOQ).
I already have the equation I just not sure if I'm putting the items in the correct spot.
I placed the p,d,c, and v where I think they go! My answer is 113841.9958. I'm just not certain that I worked this problem correctly. Is this correct?© BrainMass Inc. brainmass.com June 4, 2020, 12:53 am ad1c9bdddf
The expert examines economic order quantity calculations.