Management at Ardmore Farm and Seed has never analyzed the costs associated with their inventory policy, and they currently have a large stock of insecticide in the warehouse. They estimate that it costs $20 to place an order, and it costs $0.2 per gallon to hold the spray. The firm requires 80,000 gallons for the year (assume 365 days).

PLEASE ANSWER C.

A. Calculate EOQ.

B. Calculate the total cost of inventory implied by the EOQ from a.

C. Assuming a 365 day per year, how many orders should be made over one year.