Francis Company sells 2,800 book bags per year. It wants to maintain a safety stock of 40 bags. The storage warehouse charges a carrying cost fee of $6 per bag and ordering costs amount to $22 per order. The economic order quantity formula is: A. Compute the EOQ (Economic Order Quantity). (Round final answer to the nearest full unit): Answer: Answer 1 Question 16 bags B. True or false: The economic order quantity is the optimal average number of units on hand throughout the year. Answer: Select: Answer 2 Question 16