Given the following data for a particular inventory item
Usage 500 units/week
Ordering $40 per order
Carrying cost $.01 per unit per week
Lead Time 3 weeks
Price $.50 per unit
A. What is the economic order quantity for this item?
B. For the economic order quantity, what is the reorder point?
C. For the economic order quantity, what is the average inventory level?
D. For the economic order quantity, what are the average weekly ordering costs?
E. For the economic ordering quantity, what are average weekly carrying costs?
F. For the economic order quantity, What are average weekly total costs, including the cost of the inventory item?