Eoq, Average Inventory

decappo72 | 08:38 Thu 03rd Mar 2016 | Business & Finance

6 Answers

Cheeseburger and Taco Company purchases 14,515 boxes of cheese each year. It costs $29 to place and ship each order and $6.68 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.

Calculate Economic Order Quantity.

Eoq, Average Inventory

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fiction-factory

Use the formula.
If you have no access to your notes, books or any websites other than AB then here it is:
EOQ = SQRT(2 × Quantity × Cost Per Order / Carrying Cost Per Order)
Substitute your numbers in and Bob's your uncle