Problem 9a: Jones Surgicenter uses 90,000 bags of IV solution annually. Each bag costs the center $1.50, inventory carrying costs are 20 percent, and the cost of placing an order with the supplier is $15.

Assume 365 days in a year.

1.) What is the economic order quantity?

2.) Problem 9b: Continuing with the previous question, what is the total inventory cost, TIC?

Do not include the dollar sign in your answer.

3.) Problem 9c: Continuing with the previous questions, how many orders will Jones Surgicenter place per year?

4.) Problem 9d: Continuing with the previous questions, what is the average daily usage rate?

Answer to two decimal places.

5.) Problem 12a: Fullerton IV Company has had a policy of reordering inventory every 30 days. Using the data below, what is the economic order quantity EOQ?

Ordering cost F $10 per order

Carrying cost C 20% of purchase price

Purchase price P $10 per unit

Total sales per year S 1,000 units

Safety stock 0

Days per year 360

6.) Problem 12b: Continuing with the previous question, what is the total inventory cost, TIC?

Do not include the dollar sign in your answer.

7.) Problem 12c: Continuing with the previous questions, how many orders should Fullerton place per year?

8.) Problem 12d: Continuing with the previous questions, what is the average daily usage rate? Assume 360 days per year.

Round your answer to two decimal places.

9.) Problem 12e: Continuing with the previous questions, if it takes 9 days between when the order is placed and when it is received, what is the reorder point?

Answer in units.