Given the following information, what is the economic ordering quantity (EOQ) for Shinebird Textiles?
Ordering costs = $40 per order
Carrying costs = 20% of purchase price
Purchase price (cost) = $10 per unit
Total sales for year = 1,000 units

Question

Given the following information, what is the economic ordering quantity (EOQ) for Shinebird Textiles?
​Ordering costs = $40 per order
Carrying costs = 20% of purchase price
Purchase price (cost) = $10 per unit
Total sales for year = 1,000 units

Quizplus · Accepted Answer

The Answer of Given the following information, what is the economic ordering quantity (EOQ) for Shinebird Textiles?
​Ordering costs = $40 per order
Carrying costs = 20% of purchase price
Purchase price (cost) = $10 per unit
Total sales for year = 1,000 units

Given the Following Information, What Is the Economic Ordering Quantity