Port Harcourt Chemicals Plc uses the Economic Order Quantity (EOQ) model to manage its raw material inventory. Annual demand is 36,000 units, ordering cost is ₦2,500 per order, and the holding cost is ₦50 per unit per annum. What is the EOQ?
A1,800 unitsCORRECT
B1,342 units
C1,500 units
D1,897 units