Chapter 8: Inventory Management Homework: 1 Name: Section: A central warehouse purchases products for $1,358,695.65 per year. Inventory carrying costs are calculated at 25% of the average value of inventory, and the cost of placing each order has been set at $230. A. Calculate the EOQ (in \$). B. If each item costs $5 calculate the EOQ in units. Using Q=EOQ (in units), calculate: C. Average inventory D. Number of orders per year E. Annual ordering costs F. Annual inventory carrying cost G. Total costs