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Can someone show me how to calculate the current inventory policy? Economic Order Quantity Ottis, Inc., uses }'05,600 plastic housing units each year in its

Can someone show me how to calculate the current inventory policy?

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Economic Order Quantity Ottis, Inc., uses }'05,600 plastic housing units each year in its production of paper shredders. The dost of placing an order is $36. The cost of holding one unit of inventory for one year is $18. Currently, Ottis plaoes 163 orders of 4,200 plastic housing units per year. Required: 1. Compute the economic order quantity. J units 2. Compute the ordering, carrying, and total costs for the EOQ. Ordering cost $- 5' Carrying dost v' Total cost $_ v' 3. How much money does using the EOQ policy save the oompany over the policy of purchasing 4.200 plastic housing units per order? Round your answer to the nearest dollar at

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