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Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest - moving inventory

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 6,100 units per year. The cost of each unit is $102, and the inventory carrying cost is $11 per unit per year. The average ordering cost is $31 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 122 units.(This is a corporate operation, and there are 250 working days per year).
Part 2
a) What is the EOQ? 185.42185.42 units (round your response to two decimal places).
Part 3
b) What is the average inventory if the EOQ is used? 92.7192.71 units (round your response to two decimal places).
Part 4
c) What is the optimal number of orders per year? 32.932.9 orders (round your response to two decimal places).
Part 5
d) What is the optimal number of days in between any two orders? 7.67.6 days (round your response to two decimal places).
Part 6
e) What is the annual cost of ordering and holding inventory? $enter your response here per year (round your response to two decimal places).

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