Joe's Bar (not its real name) uses 800 kegs of adult beverages per year on a continuous basis (assume 365 days of operations per year). The order cost is $50.00 per order and the carrying cost is $2.00 per unit. It takes 5 days to receive a shipment after an order has been placed (old Joe took this TQM course so he now believes in JIT inventory methods in other words- assume no safety stock) I need you to calculate four things (and again I need to see your work including a formula if needed) Calculate the EOQ Determine the average level of inventory Determine the reorder point Compute the Total Cost of Inventory