Question: Joe Henry's machine shop uses 2,480 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following

Joe Henry's machine shop uses 2,480 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

2,480

Holding cost per bracket per year

$1.50

Order cost per order

$18.00

Lead time

2 days

Working days per year

250

a)243.97

 units (round your response to two decimal places).

b)

 What is the average inventory if the EOQ is used?

? units (round your response to two decimal places).
What would be the annual inventory holding cost?

$ ? (round your response to two decimal places).

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