1. A distributor expects to sell about 11,780 widgets next year. Annual carrying cost is $17 per widget. Order costs are $85. They operate 288 days a year. What is the EOQ?

Round your answer to a whole number.

2. Annual demand is 2,845, the price of one unit is $2.32, the order quantity is 90, the holding cost per unit per year is $0.32, and the order cost is $65. What is the total annual cost?

3.

Tesla uses a perpetual inventory system to make inventory decisions about a replacement part for a Model X. Annual demand has been forecast to be 2,700 units and the business operates 300 days per year. The standard deviation of daily demand has been forecast to be 30 units. The order lead time is 5 days. Tesla pays $7 to hold a unit for a year and $300 to place an order. Teslas target service level is 98%.

What is the re-order point?

Do not round intermediate calculations. Round your answer to a whole number.

4.

Uncle Chucks Chicken Sandwich operates 360 days per year and uses a periodic system to make inventory decisions for fries. Daily demand has been forecast to be 600 units and the standard deviation of daily demand is 250 units. The order interval is 7 days and the order lead time is 7 days. Uncle Chucks Chicken Sandwich desires to maintain a service level of 98% for this item.

If the on-hand inventory is 2,900, what is the order quantity? Round your answer to a whole number.

Do not round intermediate calculations. Provide your answer with two decimal points.