Question: Question #2 (5 Marks) Consider the following information regarding one of XYZ Company's most popular products, the FIFA endorsed football: Total sales for 2019 10,000

Question #2 (5 Marks) Consider the following information regarding one of XYZ Company's most popular products, the FIFA endorsed football: Total sales for 2019 10,000 footballs Selling price per football $70.00 Cost to carry one football in inventory for 2019 $3.00 Cost to place an order with the football supplier $13.50 Purchase cost of one football $38.00 HERRE Required: I 1.) Calculate the economic ordering quantity (EOQ) for 2019 with respect to the footballs. (Round to the nearest whole unit) (4 marks) 2.) Briefly explain what your answer from requirement #1 means. (1 mark)

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