Select
Jerseys
(SJ)
operates
a
megastore
featuring
sports
merchandise.
It
uses
an
EOQ
decision
model
to
make
inventory
decisions.
It
is
now
considering
inventory
decisions
for
its
Los
Angeles
Galaxy
soccer
jerseys
product
line.
This
is
a
highly
popular
item.
Data
for
2020
are
as
follows:
B
(Click
the
icon
to
view
the
data.)
Read
the
requirements.
Requirement
1.
Calculate
the
EOQ.
Begin
by
selecting
the
formula
used
to
calculate
EOQ.
(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.)
_
[20P
E0Q=
|2
(Round
your
answer
to
the
nearest
whole
number.)
The
EOQis
560
jerseys.
Requirement
2.
Calculate
the
number
of
orders
that
will
be
placed
each
year.
Determine
the
formula
used
to
calculate
the
number
of
orders
that
will
be
placed
each
year,
then
calculate
the
orders
per
year.
(Round
your
answer
up
to
the
nearest
whole
number.)
Annual
demand
=
EOQ
14,000
=
560
Number
of
orders
25
orders
per
year
Requirement
3.
Calculate
the
reorder
point.
Determine
the
formula,
then
calculate
the
reorder
point.
(Enter
any
calculated
number
in
the
formula
to
two
decimals,
X
XX.
Round
your
answer
to
the
nearest
whole
number))
Demand
per
day
x
Purchasing
lead
time
(days)
=
Reorder
point
38.36
x
9§
7.00
269
jerseys
Jes
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