The purchase price of a stock item is £25 per unit. In each three month period the usage of the item is 20,000 units. The annual holding costs associated with one unit equate to 6% of its purchase price. The cost of placing an order for the item is £20. What is the Economic Order Quantity (EOQ) for the stock item to the nearest whole unit? A 1,730 B 1,894 C 1,461 D 1,633 C |