Mathematics · Commercial Maths
ComputerCo uses 25,000 components at an even rate throughout the year. Each order placed with the supplier is for 2,000 components, which is the Economic Order Quantity (EOQ). The company also holds a buffer inventory of 500 components. The annual holding cost per component is $2. What is the total annual cost of holding inventory of the component?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$4,000
- 2$3,000✓
- 3$2,500
- 4$2,000
Correct answer
$3,000
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