Mayzie's Masks has a monthly demand of 250 masks. It costs $100 to place an order and the holding cost is 20% of the cost of a mask, which is $30. What is the total
cost?

$951

Step-by-step explanation:

EOQ = Sqroot{(2*Annual Demand*Ordering cost)/Holding cost}

= Sqroot{(2*250*12*100)/(0.2*30)}

= 317 Units Approximately

Total Holding cost = Average Inventory * Holding cost per unit

= (EOQ/2)*Holding cost per unit

= (317/2)*(0.2*30)

= $951

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step-by-step explanation:

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