Karloff Medical Supply maintains an average inventory of 2,000 human skulls for sale to medical schools and filmmakers. The carrying cost per skull per year is estimated to be $5. Boris places an order for 10,000 skulls on the first of each month and the order cost is $75. What is the average inventory using the EOQ?
A) 553 units
B) 828 units
C) 872 units
D) 901 units
E) 949 units
Correct Answer:
Verified
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