c. The total inventory costs if using your inventory policy?

TIL 17. Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every three weeks. Data for both products are as follows: WIDGET ITEM Annual demand Holding cost (% of item cost) Setup or order cost Lead time Safety stock Item cost TEGDIW 10,000 20% $150.00 4 weeks 55 units $10.00 5,000 20% $25.00 1 week 5 units $2.00 a. What is the inventory control system for Tegdiws? That is, what is the reorder quantity and what is the reorder point? b. What is the inventory control system for Widgets