Practice: Chapter 15 Managing Short-Term Assets Back to Assignment Attempts 5. Practice Problem 15-5 Keep the Highest/2 eBook Michael's Mechanical sells 6,000 jettison machines annually. Each machine costs Michael's $2,000 to purchase, inventory carrying costs are 36 percent of the purchase price, and the cost of placing an order with its supplier is $150. a. What is the EOQ? Round your answer to the nearest whole number. machines b. What is the total inventory cost at the EOQ level? Do not round intermediate calculations. Round your answer to the nearest dollar. $ Grade it Now Q Search this course X Save & Continue Continue without saving