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50. Thiewes Shoes begins each period with 100 pairs of hiking boots in stock. This stock is depleted each period and reordered. If the carrying

50. Thiewes Shoes begins each period with 100 pairs of hiking boots in stock. This stock is depleted each period and reordered. If the carrying cost per pair of boots per year is $3, what are the total carrying costs for the hiking boots? If they sell 600 pairs per year, how many times per year do they restock? If the restocking cost is $20 per order, what are the total restocking costs? What is their EOQ? What is total cost?

Total Carrying Cost: $150

Restocking Cost: $120

They restock about 6 times per year.

EOQ: 89.44 units

Total cost: 268.32

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