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 C Carrying cost of one unit in stock, Q = Any order quantity.) Data Table 2DP Annual demand for denim cloth 20,000 yards Ordering cost per purchase order $160 Carrying cost per year (Round the denominator to the nearest The EOQ for denim Requirement 2. Calculate the number of Determine the formula used to calculate 20% of purchase costs None $8 per yard 20001 Safety-stock requirements cloth is Cost of denim cloth The purchasing lead time is 2 weeks. The Fabric Fair is open 250 days a year (50 weeks for 5 days a week). Annual demand Print Done 20000 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