Question: Inventory Management EOQHarrys Hardware Harrys Hardware acts as a distributor for industrial fasteners. As the Inventory Manager for Harrys Hardware,you are responsible for inventory planning

Inventory Management EOQHarrys Hardware
Harrys Hardware acts as a distributor for industrial fasteners.
As the Inventory Manager for Harrys Hardware,you are responsible for inventory planning and
management. You are provided with the following information for part number C-1458,masonry lag bolt,3/8 diameter x 6 long
Monthly Demand:250units
Annual Holding Cost: $60 per unit
Ordering Cost:$100 per order.
Answer the following questions
a). What is the Economic Order Quantity(EOQ)?
b). What is the number of order per year?
c). What is the annual holding cost?

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