Global Manufacturing, Inc. currently begins each sales cycle with 156,739 units in stock. This stock is depleted at the end of each sales cycle and then reordered. The firm currently places 4 orders per year. The carrying cost per unit is $0.611 per year and the fixed order cost is $8,245 per order. Assuming there is no shortage cost for this firm. The average cost of each unit of inventory is $93.23.

(a). What is the total carrying cost? (Round your answer to nearest whole dollar (e.g., 1,234). Do not include the dollar sign ($))

Total Carrying Cost

$

(b) What is the restocking cost? (Round your answer to nearest whole dollar (e.g., 1,234). Do not include the dollar sign ($))

Restocking Cost

$

(c) What is the total cost of the current inventory policy? (Round your answer to nearest whole dollar (e.g., 1,234). Do not include the dollar sign ($))

Total Cost of Current Inventory Policy

$

(d) Calculate the economic order quantity (EOQ). (Round your answer to nearest whole number (e.g., 1,234).)

Economic Order Quantity (EOQ)

units per order

(e) Calculate the number of orders per year that would be required if the EOQ Inventory Policy were implemented. (Round your answer to 2 decimal places. (e.g., 32.16).)

Required Number of Orders per year

orders per year

(f) What would the EOQ Inventory Balance (in dollars) be in 2019 if the firm switched to the EOQ Inventory Policy? (Do not include the dollar sign ($). Round to the nearest whole dollar. (e.g., 1,234)

$