Chapter 20 Inventory Management: Economic Order Quantity, JIT, and the Theory of Constraints 1078 Economic Order Quantity OBJECTIVE Exercise 20.7 Refer to the data in Exercise 20.6 Required: 1. Compute the economic order quantity 2. Compute the ordering, carrying, and total costs for the EOQ 3. How much money does using the EOQ policy save the company over the policy of purchas ing 4,000 plastic housing units per order? Chapter 20 Inventory Management: Economic Order Quantity, JIT, and the Theory of Constraints 1078 Economic Order Quantity OBJECTIVE Exercise 20.7 Refer to the data in Exercise 20.6 Required: 1. Compute the economic order quantity 2. Compute the ordering, carrying, and total costs for the EOQ 3. How much money does using the EOQ policy save the company over the policy of purchas ing 4,000 plastic housing units per order