(Click the icon to view the data.) Requirements 1. Calculate the EOQ. 2. Calculate the...
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(Click the icon to view the data.) Requirements 1. Calculate the EOQ. 2. Calculate the number of orders that will be placed each year. 3. Calculate the reorder point. Data table Each jacket costs Excel Sports $55 and sells for $110. The $11 carrying cost per jacket per year comprises the required return on investment of $6.60 (12\% $55 purchase price) plus $4.40 in relevant insurance, handling, and theft-related costs. The purchasing lead time is 5 days. ES is open 365 days a year. Requirement 1. Calculate the EOQ. Begin by selecting the formula used to calculate ( D= Demand in units for one year, P= Ordering cost per purchase order, C= Carrying cost of one unit in stock, Q= Any order quantity)
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