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Please calculate the EOQ (Q*) , Average Inventory , Number of orders per year , Annual Holding Cost , Annual Ordering Cost , & Total
Please calculate the EOQ (Q*) , Average Inventory, Number of orders per year, Annual Holding Cost, Annual Ordering Cost, & Total Inventory Cost. East Valve Distributors distributes industrial valves and control devices. The Eastern control device has an annual demand of 9,645 units.The cost of ordering is$150 per order and the average carrying cost per unit per year is$0.55.
(Round all answers to 2 decimal places.)
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