Answer Happy

Inventory costs can be categorized as the costs incurred for holding the inventory, the costs of ordering and receiving the inventory, and the cost of running out of inventory Ordering costs relate to the placing and receiving of orders for invertory, The number of units in the optimal size order is called the economic ordering quantity (E09), Piven Company purchases custom-made durable packing boxes to ship its equipmetit. Each year, Piven uses 120,000 bares e costs own $113 to place each order and the purchase price is $1.92 per box. An analysis indicates that carrying costs are 25% of the purchase price Based on the information provided, solve for the values under Pen's to policy in the following table. and Value ECO for packing boxes Number of orders per year Total ordering cost for the year Total carrying cost for the year Total inventory cost per year 16 onder S1,300.00 $1,800.00