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A flower shop uses 280 clay pots a month. The pots are purchased for $2 each. Annual holding cost is estimated to be 34 percent
A flower shop uses 280 clay pots a month. The pots are purchased for $2 each. Annual holding cost is estimated to be 34 percent of purchase cost, and ordering cost is $23 per order. The manager has been using an order quantity of 280 flower pots. a. Calculate the EOQ. (Round the final answer to the nearest whole number.) EOQ pots b. Calculate the EOQs total annual inventory control cost. (Round the final answer to 2 decimal places.) TC $ c. What additional annual inventory
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