What is the EOQ? ____ units (round your response to two decimal places).

What is the average inventory if the EOQ is used? _____ units units (round your response to two decimal places).

What would be the annual inventory holding cost? $ _______(round your response to two decimal places).

c) Given the EOQ, how many orders will be madeannually? _____orders (round your response to two decimal places).

What would be the annual order cost? $$________ (round your response to two decimal places).

d. Given the EOQ, what is the total annual cost of managing(ordering and holding) the inventory? $_____

(round your response to two decimal places).

e) What is the time between orders?_______ days. (round your response to two decimal places).

f) What is the reorder point (ROP)?______ units (round your response to two decimal places).

Joe Henry's machine shop uses 2,530 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand Holding cost per bracket per year Order cost per order Lead time Working days per year 2,530 $1.35 $18.25 2 days 250