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q1) Emerson Company makes surfboards. Each surfboard requires 9 pounds of fiberglass to produce. The sales forecast for March is 1,700 surfboards. Estimated beginning and desired ending inventories for March are the following:
Estimated Beginning Inventory Desired Ending InventorySurfboards 300 420Fiberglass (pounds) 4,400 6,000
a) Calculate the number of surfboards to be produced in March.
b) Calculate the number of pounds of fiberglass to be purchased in March.
Describe the various costs associated with inventory control Define Economic Order Quantity (EOQ) and outline the assumptions of the basic EOQ Model
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