b) What is the average inventory if the IOQ is used?

c) What would the annual inventory holding cost be?

d) Given the EOQ, how many orders would be made annually? What would the oder cost?

e) Given the EOQ, what would the total cost of managing the inventory be?

f) What was the time between orders?

g) What is the reorder point?

Joe Henry's machine shop uses 2,550 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand Holding cost per bracket per year Order cost per order Lead time Working days per year 2,550 $1.45 $18.00 2 days 250 a) What is the EOQ? units (round your response to two decimal places)