The number of units in the optimal size order is called the economic ordering quantity (EOQ). Herman Company purchases custom-made durable packing boxes to ship its equipment. Each year, Herman uses 120,000 boxes. It costs Herman $113 to place each order, and the purchase price is $1.92 per box. An analysis indicates that carrying costs are 25% of the purchase price.

Based on the information provided, solve for the values under Hermans EOQ policy in the following table.

	Value
EOQ for packing boxes
Number of orders per year
Total ordering cost for the year
Total carrying cost for the year
Total inventory cost per year