Question: Please calculate the EOQ (Q*) , Average Inventory , Number of orders per year , Annual Holding Cost , Annual Ordering Cost , & Total

Please calculate the EOQ (Q*) , Average Inventory, Number of orders per year, Annual Holding Cost, Annual Ordering Cost, & Total Inventory Cost. East Valve Distributors distributes industrial valves and control devices. The Eastern control device has an annual demand of 9,645 units.The cost of ordering is$150 per order and the average carrying cost per unit per year is$0.55.

(Round all answers to 2 decimal places.)

EOQ (Q) = Round your answer to the nearest integer. Average inventory = Round your answer to 2 decimal places. No. of orders per year = Round your answer to 2 decimal places. Annual Holding Cost = Round your answer to 2 decimal places. Annual ordering cost = Round your answer to 2 decimal places. Total inventory cost = Round your answer to 2 decimal places

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