Question: For the following question, do all your rough calculations and provide the final answers In Ayless Shoes orders 25,000 tongs each year and purchases them

 For the following question, do all your rough calculations and provide

For the following question, do all your rough calculations and provide the final answers In Ayless Shoes orders 25,000 tongs each year and purchases them at $3.40 each. It costs $50 to space provided below. process and receive an order and inventory can be carried at a cost of 2% of the purchate price per unit per month. Assume 250 working days per year. Using the EOQ model, a. How many tongs should be ordered at a time? b. How many orders per year should be placed? c. If the lead time is three days, at what inventory level orders should be placed? d. What should be the time difference between two successive orders

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