ArtHogan, Ltd., distributes mechanical replacements for human mitral heart valves.Its artificial valve has a demand of 123,456 units per year and sells for $500 per unit.The cost of ordering is $234 per order and the average carrying cost per unit per year is 25% of the unit cost.Determine the economic order quantity.

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The Answer of ArtHogan, Ltd., distributes mechanical replacements for human mitral heart valves.Its artificial valve has a demand of 123,456 units per year and sells for $500 per unit.The cost of ordering is $234 per order and the average carrying cost per unit per year is 25% of the unit cost.Determine the economic order quantity.