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Company uses 8 0 0 units of a product per year on a continuous basis. The product has carrying costs of $ 5 0 per

Company uses 800 units of a product per year on a continuous basis. The product has carrying costs of $50 per unit per year and order costs of $300 per order. It takes 30 days to receive a shipment after an order is placed and the firm requires a safety stock of 5 days usage in inventory.
A. Calculate the economic order quantity (EOQ).
B. Determine the reorder point. (Assume a 360-day year.)

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