10. Calculate economic ordering quantity Inventory costs can be categorized as the costs incurred for holding the inventory, the costs of ordering and receiving the inventory, and the cost of nuning out of inventory. costs relate to the placing and recelving of orders for inventory. The number of units in the optimal size order is called the economic ordering quantity (EOQ). Graham Company purchases custom-made durable packing boxes to ship its equipment. Each year, Graham uses 70,000 boxes. It costs Graham $42 to place each order, and the purchase price is $1.92 per box. An analysis indicates that carrying costs are 25% of the purchase price. Based on the information provided, solve for the values under Graham's EOQ policy in the following table