Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

# Annual demand for a product is 40,000 units. The product is used at a constant rate over the 365 days the company is open every year. The annual...

Annual demand for a product is 40,000 units. The product is used at a constant rate over the 365 days the company is open every year. The annual holding cost for the product is estimated to be $2.50 per unit and the cost of placing each order is $125.00. If the company orders according to the economic order quantity (EOQ) formula then its average inventory level for this product would be