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1. Davis Supply maintains an average inventory of 2,000 dinosaur skulls for sale to filmmakers....

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Accounting

1. Davis Supply maintains an average inventory of 2,000 dinosaur skulls for sale to filmmakers. The carrying cost per skull per year is estimated to be $150.00 and the fixed order cost is $48. What is the economic order quantity (EOQ)? (Round to the nearest whole number.)

2. Hammond Supplies expects sales of 248,427 units per year with carrying costs of $3.96 per unit and ordering cost of $8.32 per order. Assuming the level of inventory is stable, what is the optimal average number of units in inventory?

Round to the nearest whole number.

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