The Fabric Fair 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 Fabric Fair has collected the following information: (Click the icon to view the information.) Read the requirements. 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 = (Round the denominator to the nearest cent.) The EOQ for denim cloth is yards. - - Data table Requirements brdell 20,000 yards 1. Calculate the EOQ for denim cloth. 2. Calculate the number of orders that will be placed each year. 3. Calculate the reorder point for denim cloth. $ 160 Annual demand for denim cloth Ordering cost per purchase order Carrying cost per year Safety-stock requirements 20% of purchase costs None Cost of denim cloth $8 per yard Print Done The purchasing lead time is 2 weeks. The Fabric Fair is open 250 days a year (50 weeks for 5 days a week)