Using the Data Below, Find the EOQ, the Total Annual

Essay

Using the data below, find the EOQ, the total annual cost associated with the economic order quantity, and the reorder point.
$$\begin{array} { l l } \text { Annul Demand: } & 15,000 \text { units } \\\text { Weeks Operating: } & 52 \text { weekslyear } \\\text { Ordering Costs: } & \$ 60 / 0 r d e r \\\text { Holding Costs: } & \$ 7 / h \text { wetyear } \\\text { Lead-Time: } & 5 \text { weeks }\end{array}$$