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A retailer's demand for a stock-keeping unit (SKU) 756-RDU, white towels, is 28,540 per year. The cost of placing an order is $850, and the

A retailer's demand for a stock-keeping unit (SKU) 756-RDU, white towels, is 28,540 per year. The cost of placing an order is $850, and the holding cost per unit per year is $32.

1. What is the economic order quantity?

2. What will be the total inventory cost in this case?

3. How many orders will the retailer place per year?

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