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(2 Marks) B.1.lii The following inventory information is given for FB Company Eeeege Orders can be placed only in 100 units Annual unit usage is

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(2 Marks) B.1.lii The following inventory information is given for FB Company Eeeege Orders can be placed only in 100 units Annual unit usage is 300,000. (Assume 50-week year in your calculation). The carrying cost is 30% of the purchase price of the goods The purchase price is $10 per unit. The ordering cost is $50 per order. The desired safety stock is 1,000 units (This does not include delivery time stock.) Delivery time is two weeks. Given the above information: 1. Calculate Optimal Economic Order Quantity (EOQ) level. How many orders will be placed annually? 11. At what inventory level should a reorder be made? (6 Marks)

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