18.5 FL The Orphane Company buys raw materials from an outside supplier at $40 per unit;...

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18.5 FL The Orphane Company buys raw materials from an outside supplier at $40 per unit; total annual needs are 6,400 units. The material is used evenly throughout the year. Order costs are $100 per order, and carrying costs for the year are $8 per unit in stock. The firm carries a safety stock of 50 units, has a lead time of one week, and works 50 weeks per year. Determine the economic order quantity (EOQ) and the reorder point. 18.5 FL The Orphane Company buys raw materials from an outside supplier at $40 per unit; total annual needs are 6,400 units. The material is used evenly throughout the year. Order costs are $100 per order, and carrying costs for the year are $8 per unit in stock. The firm carries a safety stock of 50 units, has a lead time of one week, and works 50 weeks per year. Determine the economic order quantity (EOQ) and the reorder point.