Fullerton IV Company has had a policy of reordering inventory every 30 days. Using the data below, what is the economic order quantity EOQ? 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 what is the total inventory cost, how many orders should Fullerton place per year, what is the average daily usage rate? if it takes 9 days between when the order is placed and when it is received, what is the reorder point