Ralph was in the process of completing the quarterly planning for the purchasing department when amajor computer malfunction lost most of his data. For direct material XXX he was able to recover the

following:
Average inventory level of XXX200

Orders per year40

Average daily demand48

Working days per year250

Annual ordering costs$4,000

Annual carrying costs$6,000

 Ralph purchases at the EOQ quantity level.
Required:

Determine the annual demand, the cost of placing an order, the annual carrying cost of one unit, and the economic order quantity.