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(Comprehensive EOQ calculations) Knutson Products Inc. is involved in the production of airplane parts and has the following inventory, carrying, and storage costs 1. Orders

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(Comprehensive EOQ calculations) Knutson Products Inc. is involved in the production of airplane parts and has the following inventory, carrying, and storage costs 1. Orders must be placed in round lots of 100 units. 2. Annual unit usage is 350,000. (Assume a 50-week year in your calculations.) 3. The carrying cost is 20 percent of the purchase price. 4. The purchase price is $30 per unit. 5. The ordering cost is $500 per order. 6. The desired safety stock is 3,000 units. (This does not include delivery-time stock) 7. The delivery time is 2 week. Given the foregoing information

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