Question: hi! plz help Saved Help Sav 11 Homework Problem 11-21 (Algo) a Item X is a standard item stocked in a company's inventory of component

hi! plz help Saved Help Sav 11 Homework Problem hi! plz help

Saved Help Sav 11 Homework Problem 11-21 (Algo) a Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 1,600 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $7 per unit of average Inventory. Every time an order is placed for more of item X. it costs $14. a. Whenever Item X is ordered, what should the order size be? (Round your answer to the nearest whole number.) 11 Order size no b. What is the annual cost for ordering item X? (Round your answer to 2 decimal places. Round your intermediate calculation.) Ordering cost $ 300.00

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