Given the following information:

Annual demand $=475$ boxes

Ordering costs $=$ $$30$ per order

Carrying costs $=$ $$3\mathrm{.}25$ per box per year

Verify that total ordering costs are $($approximately$)$ equal to total carrying costs at the EOQ $($with some rounding error$)$:

Group of answer choices

No$.$ Ordering costs are not equal to carrying costs at the EOQ.

Yes. Ordering costs are approximately $$151\mathrm{.}60$ and carrying costs are approximately $$152\mathrm{.}75.$