Question: AQ 1 . Inventory Management ( 1 3 marks ) A computer store sells 1 ; 2 0 0 computers each year. The store opens

AQ1. Inventory Management (13 marks)A computer store sells 1;200 computers each year. The store opens 300 days a year. It costs $500 each time when the store places an order. Orders arrive four days from the time they are placed. The manager replenishes the computer using an EOQ value of 100 computers.1.[4 marks] What is the ordering cost incurred by the store per year?2.[5 marks] What is the holding cost per unit per year used by the manager in determiningthe EOQ?3.[4 marks] How many computers are in the store when the manager places an order?

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