Joe Henry's machine shop uses

2,490

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	2,490
Holding cost per bracket per year	$1.55
Order cost per order	$19.00
Lead time	2 days
Working days per year	250

a)	What is the EOQ? enter your response here units (round your response to two decimal places).

b)	What is the average inventory if the EOQ is used? enter your response here units (round your response to two decimal places).
	What would be the annual inventory holding cost? $enter your response here (round your response to two decimal places).

c)	Given the EOQ, how many orders will be made annually? enter your response here orders (round your response to two decimal places).
	What would be the annual order cost? $enter your response here (round your response to two decimal places).

d)	Given the EOQ, what is the total annual cost of managing (ordering and holding) the inventory? $enter your response here (round your response to two decimal places).

e)	What is the time between orders? enter your response here days (round your response to two decimal places).

f)	What is the reorder point (ROP)? enter your response here units (round your response to two decimal places).