Be sure to always round inventory quantities (Q,R,SS,I Imax ) values up to the next integer for the final answers. All other values should be calculated based on the standard formulas without rounding them to integers and should be entered with one decimal place (e.g. average inventory, average number of orders, etc.). You will submit your answers using the "quizzes" on Canvas - the links are in the Module 11 Assignments folder. You will have two attempts for each problem. M11.1 The Cullowhee Apparel Company purchases its material from Sylva Clothing Suppliers, Inc. The Cullowhee Apparel Company uses 26,880 yards of material to produce its clothing line. The cost of ordering material from Sylva Clothing Suppliers, Inc is $175 per order. The cost of each yard of material is $4.25 and the inventory carrying cost is estimated to be 17% of the cost of each yard. Furthermore, it takes about two weeks for an order to arrive from the Sylva Clothing Suppliers, Inc, and the Cullowhee Apparel Company operates 48 weeks per year. a) What is the annual ordering cost? b) What is the annual holding cost? c) How many orders (on average) would be placed per year? d) What is the average inventory? e) What is the reorder point? f) What is the EOQ? M11.2 Greg Puliski is the production manager of Bearings USA, Inc, a small producer of metal parts. Bearings USA supplies Asheville Manufacturing, a larger assembly company, with 10,000 wheel bearings each year. Bearings USA can produce 500 wheel bearings per day. Asheville Manufacturing uses 50 bearings each day and requires that exactly 50 bearings be shipped to its business each day from Bearings USA, Inc. The cost to set up the production process is $110, and it costs $1.75 to carry one bearing in inventory for one year a) What is the optimal economic production quantity? b) On average, how many setups are required per year (one decimal place)? c) What is the total cost per year (holding plus setup)