2. Calculate the economic ordering quantity (EOQ) Inventory costs can be categorized as the costs associated with holding the inventory, ordering and receiving the inventory, or running out of the inventory. For example, costs are the direct and indirect costs of keeping inventory on hand. The number of units in the optimal size order is called the economic ordering quantity (EOQ). Moore Company purchases custom-made durable packing boxes to ship its equipment. Each year, Moore uses 60,000 boxes. It costs Moore $144 to place each order, and the purchase price is $1.92 per box. An analysis indicates that carrying costs are 25% of the purchase price. Based on the information provided, solve for the values under Moore's EOQ policy in the following table