Fullerton IV Company has had a policy of reordering inventory every 30 days.

Ordering cost F $10 per order

Carrying cost C 20% of purchase price

Purchase price P $10 per unit

Total sales per year S 1,000 units

Safety stock 0

Days per year 360

A. Using the data below, what is the economic order quantity EOQ?

B. What is the total inventory cost, TIC? C. How many orders should Fullerton place per year?

D. What is the average daily usage rate? Assume 360 days per year. Round your answer to two decimal places.

E. Continuing with the previous questions, if it takes 9 days between when the order is placed and when it is received, what is the reorder point? Answer in units.