The following data pertain to the melting department for August: Units % Completion
Work-in-process, August 1 10,000 30%
Units started 45,000
Units completed and transferred
to the cutting department 35,000 100%
Work-in-process, August 31 20,000 80%

Material A is introduced at the start of the melting process, and material Q is added when the process is 50% complete. Conversion costs are incurred uniformly throughout the process. The equivalent units of material Q added during August were:

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?