Question: A manufacturer has a production facility that requires 11,248 units of component JY21 per year. Following a long-term contract, the manufacturer purchases component JY 21

A manufacturer has a production facility that
A manufacturer has a production facility that requires 11,248 units of component JY21 per year. Following a long-term contract, the manufacturer purchases component JY 21 from a supplier with a lead time of 14 days. The unit purchase cost is $17.8 per unit. The cost to place and process an order from the supplier is $57 per order. The unit inventory carrying cost per year is 12 percent of the unit purchase cost. The manufacturer operates 250 days a year. Assume EOQ model is appropriate. What is the optimal total annual inventory and purchase cost? Use at least 4 decimal places. Additional report requirements: You must submit a report showing your calculations steps (Q,AHC,AOC, etc.). You must following the reporting style shown in the notes and examples. Only clean, complete, and organized report will get a full 30 points. A report with typos will get a very low point. Only Microsoft Word document will be graded

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