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1. Davis Supply maintains an average inventory of 2,000 dinosaur skulls for sale to filmmakers. The carrying cost per skull per year is estimated to
1. Davis Supply maintains an average inventory of 2,000 dinosaur skulls for sale to filmmakers. The carrying cost per skull per year is estimated to be $150.00 and the fixed order cost is $85. What is the economic order quantity (EOQ)? (Round to the nearest whole number.)
2. Hammond Supplies expects sales of 224,018 units per year with carrying costs of $4.73 per unit and ordering cost of $9.92 per order. Assuming the level of inventory is stable, what is the optimal average number of units in inventory?
Round to the nearest whole number.
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