ABC Corporation desires the optimal order quantity for zippers used in the production of their famous leather bags. The annual demand for their bags is 90,000 units, the cost to place an order is P 1,400, the cost per unit is P70, and the carrying cost is 8% of the units cost.

Find the following:

1. Economic Order Quantity (EOQ) 2. No. of Orders Per Year 3. Ordering Cost 4. Carrying Cost 5. Total Inventory Cost