Question: Question Help Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation Thomas's fastest moving

Question Help Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation Thomas's fastest moving Inventory Item has a demand of 6.750 units per year. The cost of each unit is 5101, and the inventory carrying cost is 59 per unit per year. The average ordering contis 531 per order . It takes about 5 days for an order to arrive, and the demand for 1 week is 115 units. (This is a corporate operation, and there are 250 working days per year) a) What is the EOQ? 199.03 units (round your response to two decimal places). b) What is the average inventory if the EOQ is used units (round your response to two decimal places)

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