Department s had no work in process at the beginning of the period. it added 14,600 units of direct materials during the period at a cost of $102,200. during the period, 11,000 units were completed, and 3,600 units were 35% completed as to labor and overhead at the end of the period. all materials are added at the beginning of the process. direct labor was $78,464, and factory overhead was $36,780.

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?