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Maroons Medical Supplies, Inc. must order masks from its supplier in lots of 1 dozen boxes. Given the information provided below, complete the following table: Annual demand                                           26,000 dozen Cost per order placed                                 P30 Carrying cost                                                 20% Price per dozen                                            P7.80         Order Size (Dozen) 250 500 1,000 2,000 13,000 26,000 Number of orders             Average inventory             Carrying cost             Order cost             Total cost              1. What is the EOQ? Please include/fill the table and solve for EOQ.  Thank you so much!

Maroons Medical Supplies, Inc. must order masks from its supplier in lots of 1 dozen boxes. Given the information provided below, complete the following table: Annual demand                                           26,000 dozen Cost per order placed                                 P30 Carrying cost                                                 20% Price per dozen                                            P7.80         Order Size (Dozen) 250 500 1,000 2,000 13,000 26,000 Number of orders             Average inventory             Carrying cost             Order cost             Total cost              1. What is the EOQ? Please include/fill the table and solve for EOQ.  Thank you so much!

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Maroons Medical Supplies, Inc. must order masks from its supplier in lots of 1 dozen boxes. Given the information provided below, complete the following table:

Annual demand                                           26,000 dozen

Cost per order placed                                 P30

Carrying cost                                                 20%

Price per dozen                                            P7.80        

Order Size (Dozen)

250

500

1,000

2,000

13,000

26,000

Number of orders

 

 

 

 

 

 

Average inventory

 

 

 

 

 

 

Carrying cost

 

 

 

 

 

 

Order cost

 

 

 

 

 

 

Total cost

 

 

 

 

 

 

 1. What is the EOQ?

Please include/fill the table and solve for EOQ. 

Thank you so much!

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