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Required 1. 2. Complete the preceding table for Lee Brundt. What is the EOQ? Comment on your results. Sir Walter Ltd is about to introduce

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Required 1. 2. Complete the preceding table for Lee Brundt. What is the EOQ? Comment on your results. Sir Walter Ltd is about to introduce an internet-based ordering system for its customers. Lee Brundt estimates that Kanga Loo's ordering costs will be reduced to $35.50 per purchase order. Calculate the new EOQ and the new annual relevant costs of ordering and carrying inventory. Lee Brundt estimates that Kanga Loo will incur a cost of $5 300 to train its two purchasing assistants to use the new Sir Walter ordering system. Help Lee present a case to upper management showing that Kanga Loo will be able to recoup its training costs within the first year of adoption

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