A) What is the EOQ?___( 2 decimals)

B) What is the avergae inventory if the EOQ is used? ___ ( 2 decimals)

C) What is the optimal number of orders per year? ___ ( 2 decimals)

D) What is the optimal number of days in between any two orders? ___ (2 decimals)

E) What is the annual cost of ordering and holding inventory? ___ (2 decimals)

F) What is the total annual inventory cost, including the cost of the 6,050 units? ___ (2 decimals)

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest- moving inventory item has a demand of 6,050 units per year. The cost of each unit is $96, and the inventory carrying cost is $11 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 121 units. (This is a corporate operation, and there are 250 working days per year). a) What is the EOQ?units (round your response to two decimal places)