Tara, an apparel store, has forecasted a sale of 100,000 meters of dress material for the next

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Tara, an apparel store, has forecasted a sale of 100,000 meters of dress material for the next year. Its spinning mill can produce 500 meters of materials per day. The cost of setup per production run is C6,000. The store needs to use special materials to protect the texture of dress materials. The store spends C10 per meter per annum to preserve the produced dress material. Determine the optimal order size, minimum total inventory cost, and the reorder point if the lead-time is 7 days and the store is open for 350 days a year.

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