ollows: (Click the icon to view the data.) Read the Requirement 1. Calculate the EOQ. Begin by selecting the formula used to calculate EOQ. ( D= Demand in units for one year, P= Ordering cost per purchase order, C= Carrying cost of one unit in stock, Q= Any order quantity.) Data table Requirements Expected annual demand for Galaxy jerseys 1. Calculate the EOQ. Ordering cost per purchase order 2. Calculate the number of orders that will be placed each year. 3. Calculate the reorder point. Each jersey costs FS $65 and sells for $130. The 10 carrying cost per jersey per year consists of the required return on investment of $7.15(11%$65 purchase price ) plus $2.85 in relevant insurance, handling, and storage costs. The purchasing lead time is 5 days. FS is open 365 days a year