EOQ, Ordering Cost, Carrying Cost, and Total Inventory-Related Cost

Upton Company purchases 21,180 units of Beta each year in lots of 864 units per order. The cost of placing one order is $10, and the cost of carrying one unit of product in inventory for a year is $8.

Required:

1. What is the EOQ for Beta? If required, round to the nearest whole unit. Use rounded amount in subsequent requirements. fill in the blank 1 units

2. How many orders for Beta will Upton place per year under the EOQ policy? If required, round to the nearest whole number. Use rounded amount in subsequent requirements. fill in the blank 2 orders per year

3. What is the total ordering cost of Beta for a year under the EOQ policy? $fill in the blank 3

4. What is the total carrying cost of Beta per year under the EOQ policy? If required, round to the nearest dollar. $fill in the blank 4

5. What is the total cost of Upton's inventory policy for Beta per year under the EOQ policy? $fill in the blank 5