Question: Please answer each question step by step. Thank you! Joe Rego's machine shop uses 2500 brackets during the course of a year. These brackets mare

Please answer each question step by step. Thank you!

Joe Rego's machine shop uses 2500 brackets during the course of a year. These brackets mare purchased from a supplier 90 miles away. The following information is known a. Given the above information, what would be the economic order quantity (EOQ)? b. Given the EOQ, what would be the average inventory? What would be the annual inventory holding cost? c. Given the EOQ, how many orders would be made each year? What would be the annual order cost? d. Given the EOQ, what is the total annual cost of managing the inventory? e. What is the time between orders? f. What is the reorder point (ROP)

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