Question: Help quick! ill like! Item X is a standard item stocked in a compamy's inventory of component parts. Each year the firm, on a random

Help quick! ill like!

Item X is a standard item stocked in a compamy's inventory of component parts. Each year the firm, on a random basis, uses about 2,800 of item X, which costs $25 eoch. Storoge costs, which include insurance and cost of capital, amount to $7 per unit of average inventory. Every time an order is placed for more them X, it costs $18 a. Whenever item X is ordered, what should the ordet size be? (Round your answer to the nearest whole number) b. What is the annual cost for ordering item x ? (Round your answer to 2 decimal places.) c. What is the onnual cost for storing item X ? (Hound your answer to 2 decimal pleces.)

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