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(04-05) LEE just opens the gift store in Glassboro. He purchases cards from Hall Marks for $10 each box. Lee's gift store expects to sell
(04-05) LEE just opens the gift store in Glassboro. He purchases cards from Hall Marks for $10 each box. Lee's gift store expects to sell 10 boxes of card a week. Lee's store estimates it cost them $5.00 to place an order, and holding cost is about 20% purchase cost per box. It usually takes 5 days to get each order because of its high demand. 04. What is the economic order quantity (i.e., EOQ) of inventory (Find nearest value)? 05. What is the annual total cost inventory cost per year (i.e. total ordering cost+ total carrying cost)
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