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Laird Company uses 405 units of a part each year. The cost of placing one order is $5; the cost of carrying one unit in
Laird Company uses 405 units of a part each year. The cost of placing one order is $5; the cost of carrying one unit in inventory for a year is $2. Laird currently orders 81 units at a time. Required: A. The annual ordering cost of Laird's current policy is $ B. The annual carrying cost of Laird's current policy is $ C. The total cost of Laird's current policy is $ D. What is the economic order quantity (EOQ) for Laird? E. What is the total inventory-related cost at the EOQ? $
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