The Steady Fork Company will use an estimated 24,000 wheel assemblies in its manufacturing process next year.The carrying cost of the wheel assembly inventory is $1.80 per wheel and the ordering cost per order is $50.What is Steady Fork's economic ordering quantity of wheel assemblies?
A) 785
B) 997
C) 1,098
D) 1,155

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The Answer of The Steady Fork Company will use an estimated 24,000 wheel assemblies in its manufacturing process next year.The carrying cost of the wheel assembly inventory is $1.80 per wheel and the ordering cost per order is $50.What is Steady Fork's economic ordering quantity of wheel assemblies?
A) 785
B) 997
C) 1,098
D) 1,155

The Steady Fork Company Will Use an Estimated 24,000 Wheel