Question: WHAT IS LOVE, Inc. is experiencing some inventory control problems. The manager, Son Chaeyoung, currently orders 5,000 units four time each year to handle annual

WHAT IS LOVE, Inc. is experiencing some inventory control problems. The manager, Son Chaeyoung, currently orders 5,000 units four time each year to handle annual demand of 20,000 units. Each order costs $15 and each unit costs $1.50 to carry. Ms. Son maintains a safety stock of 200 units. 1. What is WHAT IS LOVE' current total ordering cost? 2. What is WHAT IS LOVE' current total carrying cost? 3. Calculate the economic ordering quantity (EOQ). 4. What is the average inventory under EOQ if Ms. Son maintains a safety stock of 200 units. 5. Calculate total ordering cost under EOQ. 6. Calculate total carrying cost under EO

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