Inventory costs can be categorized as the costs incurred for holding the inventory, the costs of ordering and receiving the inventory, and the cost of running out of inventory. costs are the direct and indirect costs of keeping inventory on hand. The number of units in the optimal size order is called the economic ordering quantity (EOQ). Herman Company purchases custom-made durable packing boxes to ship its equipment. Each year, Herman uses 78,000 boxes. It costs Herman $130 to place each order, and the purchase price is $1.92 per box. An analysis indicates that carrying costs are 25% of the purchase price. Based on the information provided, solve for the values under Herman's EOQ policy in the following table