product line. This is a highly popular item. Data for the year are:

$($Click the icon to view the information.$)$

relevant insurance, handling, and theft$-$related costs. The purchasing lead time is $7$ days. FB is open $280$ days a year.

Required

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$)$

EOQ$=\sqrt[\phantom{2}]{\frac{2DP}{C}}$

The EOQ for soccer jerseys is $783$ jerseys. $($Round your answer to the nearest whole number.$)$

Requirement $2.$ Calculate the number of orders that will be placed each year. $($Round your answer up to the nearest whole number.$)$

Determine the formula used to calculate the number of orders that will be placed each year, and then calculate the orders per year.

Number $of$ orders $=$

Annual demand $=$

$=$

EOQ

orders per year

Requirement $3.$ Calculate the reorder point. $($Round the demand per day to two decimal places. Round your final answer up to the nearest whole number.$)$

Determine the formula used to calculate the reorder point for the jerseys, and then calculate the reorder point.

Information

Expected annual demand for soccer jerseys

Ordering cost per purchase order

Carrying cost per year

$21,000$

$$175$

$$12$ per jersey