Your family's house painting business has decided to try this "EOQ thing" you just learned in SCMS 3510. So you open the financials and note the following information:
Three-year average paint consumption: 3705 gallons per year
You use a small warehouse to hold your equipment and paint. From your cost accounting class, you estimate that your holding cost per gallon of paint is $1.05 per year.
Buying the materials needed requires more time than you thought. The part-time person whose only function is to do all of your buying says that she processes 1420 purchase orders per year and her average pay has been $19655 per year.
What is the EOQ for paint in gallons? (Your answer should be in whole gallons)