Attempts Keep the Highest / 2 10. Calculate economic ordering quantity (EOQ) 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 running out of inventory Ordering costs relate to the placing and receiving of orders for Inventory The number of units in the optimal size order is called the economic ordering quantity (EOQ). Ivy Company purchases custom-made durable packing boxes to ship les equipmenit. Each year, Ivy uses 78,000 boxes. It costs Ivy $130 to place each order, and the purchase price * $1.92 per bok. An analysis indicates that carrying costs are 25% of the purchase price Based on the information provided, solve for the values under IW's EOQ policy in the following table, Value EOQ for padang boxes Number of orders per year Total ordering cost for the year Total carrying cost for the year Total inventory.reated cost per year