Calculate the eoq and average inventory


For supply item MT, Bluesky Company has been ordering 150 units based on the recommendation of the salesperson who calls on the company monthly. The company has hired a new purchasing agent, who wants to start using the economic-order-quantity method and its supporting decision elements. She has gathered the following information: Annual demand in units 300 Days used per year 300 Lead time, in days 20 Ordering costs $125 Annual unit carrying costs $25 Determine the EOQ, average inventory, orders per year, average daily demand, reorder point, annual ordering costs, and annual carrying costs

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Accounting Basics: Calculate the eoq and average inventory
Reference No:- TGS0711496

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