Problem 12a: Fullerton IV Company has had a policy of reordering inventory every 30 days. Using the data below, what is the economic order quantity EOQ? Ordering cost               F    $10 per order Carrying cost                C    20% of purchase price Purchase price              P    $10 per unit Total sales per year       S    1,000 units Safety stock                         0 Days per year                      360 Problem 12b: Continuing with the previous question, what is the total inventory cost, TIC? Problem 12c: Continuing with the previous questions, how many orders should Fullerton place per year?

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