Question: 3 pts Question 3 A Cake company uses 4,516 quart bottles of Chocolate sauce each year. The sauce costs 4 per bottle and is served

3 pts Question 3 A Cake company uses 4,516 quart bottles of Chocolate sauce each year. The sauce costs 4 per bottle and is served only in full bottles for food safety purposes. The company's inventory manager calculated that each time an order is placed, it costs 10 and holding costs are 20 percent of the purchase price. Once the order is placed, it takes 5 weeks for an order to arrive. The company works for 49 weeks per year. The company is considering to use the inventory system techniques which minimizes the inventory cost. Calculate the order quantity using the EOQ formula and use this value as the order quantity Q in the formula, then answer the following: What is total annual cost of ordering the sauce bottles including the purchasing cost

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