Learning Goal: I’m working on a management question and need an explanation and

Learning Goal: I’m working on a management question and need an explanation and answer to help me learn.A company GPro uses EOQ logic to determine the order quantity for its various components and is planning its orders. The Annual consumption is 80,000 units, Cost to place one order is 1,200 dollars, Cost per unit is 50 dollars and carrying cost is 6% of Unit cost. Calculate:EOQ
Number of orders per year
The ordering cost
The carrying cost
Total Inventory cost
Requirements: A comprehensive and correct solution

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