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17. Diagnostic Supplies has expected sales of 168,100 units per year, carrying costs of $4...

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Question

Accounting

17. Diagnostic Supplies has expected sales of 168,100 units per year, carrying costs of $4 per unit, and an ordering cost of $8 per order.

a. What is the economic ordering quantity?
Economic ordering quantity units

b-1. What is the average inventory?
Average inventory units

b-2. What is the total carrying cost?
Total carrying cost

Assume an additional 60 units of inventory will be required as safety stock.

c-1. What will the new average inventory be?
Average inventory units

c-2. What will the new total carrying cost be?
Total carrying cost

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