Question: Please complete the ENTIRE problem that I may see the steps you take Data for 2017 are as follows: (Click the icon to view the

Please complete the ENTIRE problem that I may see the steps you take
Data for 2017 are as follows: (Click the icon to view the data.) Requirement 1. Calculate the EOQ. Begin by selecting the formula used to calculate ( D= Demand in units for one year, P= Ordering cost per purchase order, C= Carrying cost of one unit in stock, Q= Any order quantity.) Requirements 1. Calculate the EOQ. 2. Calculate the number of orders that will be placed each year. 3. Calculate the reorder point. Data table ExpectedannualdemandforGalaxyjerseysOrderingcostperpurchaseorderCarryingcostperyear6,000$150$5perjersey Each jersey costs ES $25 and sells for $50. The 5 carrying cost per jersey per year consists of the required return on investment of $2.75(11%$25 purchase price) plus $2.25 in relevant insurance, handling, and storage costs. The purchasing lead time is 8 days. ES is open 365 days a year
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