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Nowlin Pipe & Steel has projected sales of 6,400 pipes this year, an ordering cost of $5 per order, and carrying costs of $1.60 per
Nowlin Pipe & Steel has projected sales of 6,400 pipes this year, an ordering cost of $5 per order, and carrying costs of $1.60 per pipe. a. What is the economic ordering quantity?
| Economic ordering quantity | 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 |
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