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Economic Order Quantity (Refer to Slide 38 in Chapter 04 -or- Pages 117 through 120 in the textbook) Use the EOQ formula to solve Calculate RBS Company's Economic Order Quantity (EOQ) for their top selling Pen Set using the following information: RBS Company expects to sell 1,265 Pen Sets per month for the next 12 months. RBS Company purchases the Pen Sets from a supplier for $150 dollars each and incurs a cost of $50 dollars for each order that they place. RBS Company estimates that their inventory carrying cost is 20% annually. Round to the nearest whole number
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