The Every Day Fabric sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used in the manufacture of jeans and carrying bags. The supplier for the denim cloth pays all incoming freight. No incoming inspection of the denim is necessary because the supplier has a track record of delivering high-quality merchandise. The purchasing officer of the Every Day Fabric has collected the following information: B (Click the icon to view the information.) Read the requirements. III. Data table P=Ordering cost per purchase order, C = Carrying cost of one unit in stock, Q = Any order quantity.) 37,500 yards $150 Annual demand for denim cloth Ordering cost per purchase order Carrying cost per year Safety-stock requirements 30% of purchase costs None Cost of denim cloth $6 per yard The purchasing lead time is 2 weeks. The Every Day Fabric is open 250 days a year (50 weeks for 5 days a week). Print Done Requirement 1. Calculate the EOQ for denim cloth. 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.) 2DP EOQ = C (Round the denominator to the nearest cent.) The EOQ for denim cloth is 2,175 yards. Requirement 2. Calculate the number of orders that will be placed each year. Determine the formula used to calculate the number of orders that will be placed each year, then calculate the orders per year. Annual demand EOQ = Number of orders 26,100 2,175 = 12 orders per year Requirement 3. Calculate the reorder point for denim cloth. Determine the formula used to calculate the reorder point for denim cloth, then calculate the reorder point. Demand per week X Purchasing lead time (wks) Reorder point 1,160 yards 580 2. =