Economic order quantity, effect of parameter changes (continuation of20-16). Athletic Products (AP) manufactures the Argos’ jerseys that Football World (FW) sells to its cus¬

tomers. AP has recently installed computer software that enables its customers to conduct

“one-stop” purchasing using state-of-the-art Web site technology developed by Cisco Systems. FW’s ordering cost per purchase order will be $24 using this new technology.

Required 1.Calculate the EOQ for the Argos’ jerseys using the revised ordering cost of$24 per purchase order. Assume all other data from Exercise