The Cloth Banaza 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 Cloth Banaza has collected the following information: (Click the icon to view the information.) Read the requirements. X Data table Requirement 1. Calculate the EOQ for denim cloth. Begin by selecting the formula used to calculate EOQ. (D = Demand in units for on Q = Any order quantity.) Annual demand for denim cloth Ordering cost per purchase order 27,000 yards $180 (Round the denominator to the nearest cent.) Carrying cost per year 30% of purchase costs Safety-stock requirements None The EOQ for denim cloth is yards. Cost of denim cloth $10 per yard Requirement 2. Calculate the number of orders that will be placed each year. Determine the formula used to calculate the number of orders that will be placed e The purchasing lead time is 2 weeks. The Cloth Banaza is open 250 days a year (50 weeks for 5 days a week). Number of or orders Print Done Requirement 3. Calculate the reorder point for denim cloth. Determine the formula used to calculate the reorder point for denim cloth, then cal X = Reorder point yards