16) For supply item ABC, Andrews Company has been ordering 125 units based on the recommendation of the salesperson who calls on the company monthly....

Required:

Determine the EOQ, average inventory, orders per year, average daily demand, reorder point, annual ordering costs, and annual carrying costs.

EOQ:                                       

Average inventory:                  

Orders per year:                     

Average daily demand:           

Reorder point:

Annual ordering costs:            

Annual carrying costs: