Nowlin Pipe & Steel has projected sales of 12,600 pipes this year, an ordering cost of $5 per order, and carrying costs of $1.40 per pipe. a. What is the economic ordering quantity?

ECONOMIC ORDERING QUANITYT _______ UNITS

b. How many orders will be placed during the year?

NUMBER OF ORDERS _______ ORDERS c. What will the average inventory be?

AVERAGE INVENTORY _________ UNITS