Question: Problem #3 The Universal Hardware stocks a SKIL PWR 20V cordless drill that is a popular seller. Annual demand, including its regional market in southern

Problem #3

The Universal Hardware stocks a SKIL PWR 20V cordless drill that is a popular seller. Annual demand, including its regional market in southern Mexico Quintana Roo and the Caribbean, is 2,500 units, the ordering cost is $625, and the inventory holding cost is $2/unit/year.

A. What is the EOQ? (4 pts)

B. Given the data from above, and assuming a 300-day work year; how many orders should be processed per year? What is the expected time between orders? (6 pts)

C. What is the total cost for the inventory ? (3.3 pts)

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