Question: handwritten solution only Question 8 A hardware store sells paint that has a demand of 10,221 gallons per year. The store purchases the paint from
handwritten solution only

Question 8 A hardware store sells paint that has a demand of 10,221 gallons per year. The store purchases the paint from a supplier for 16.4 dollars per gallon The unit holding cost per year is 19 percent of the unit purchase cost. while the ordering cost is 129 dollars per order. The paint supplier has a lead time of 6 days, What is the annual ordering cost if the store uses the order quantity of 1,347 gallons per order? Assume EOQ model is appropriate. Use at least 4 decimal places
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