The Grand Cloth Shop 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 Grand Cloth Shop 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 E09.(0-Demand in units for one year, P.Ordering cont per purchase order, C Carrying cost of one unit in stock = Ar order quantity er 20 HW 2 of 2 (1 complete) range of industrial and consumer users. One of the products it carries is denim cloth, US i Data Table - X al Annual demand for denim cloth Ordering cost per purchase order Carrying cost per year Safety-stock requirements Cost of denim cloth 27,000 yards $180 30% of purchase costs None $10 per yard The purchasing lead time is 2 weeks. The Grand Cloth Shop is open 250 days a year (50 weeks for 5 days a week). Print Done a wide range of industrial and consumer users. One of the products it carries is denim cloth, used nim cloth pays all incoming freight. No incoming inspection of the denim is necessary because the The purchasing officer of the Grand Cloth Shop has collected the following information: ation.) or Requirements 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. Print Done hen click Check Answer Clear