Question: I just need it solved in detailed steps. Problem 11-7 (LO3) A flower shop uses 200 clay pots a month. The pots are purchased for

I just need it solved in detailed steps.

Problem 11-7 (LO3) A flower shop uses 200 clay pots a month. The pots are purchased for $2 each. Annual holding cost is estimated to be 20 percent of purchase cost, and ordering cost is $15 per order. The manager has been using an order quantity of 200 flower pots. a. Calculate the EOQ. (Round the final answer to the nearest whole number.) EOQ pots b. Calculate the EOQ's total annual inventory control cost. (Round the final answer to 2 decimal places.) c. What additional annual inventory control cost is the shop incurring by using the current order quantity? (Round the final answer to 2 decimal places.) Additional cost

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