The annual demand for product is 6400 units. The unit cost is Rs 6 and the inventory carrying cost per unit per annum is 25% of the average inventory cost. If the cost of the procurement is Rs 75 determine Economic order quantity, Number of order per annum, Time between two consecutive orders.
A) Economic Order Quantity: 800 units; Number of Orders: 8 per annum; Time between Orders: 45 days
B) Economic Order Quantity: 800 units; Number of Orders: 10 per annum; Time between Orders: 36 days
C) Economic Order Quantity: 400 units; Number of Orders: 16 per annum; Time between Orders: 22.5 days
D) Economic Order Quantity: 400 units; Number of Orders: 20 per annum; Time between Orders: 18 days
