Question: I need typed answer with explanation. Don't use AI BOT. Explain step by step i will thumb up. After calculating the EOQ based on the

I need typed answer with explanation. Don't use AI BOT. Explain step by step i will thumb up.

After calculating the EOQ based on the following information: Annual demand for backpacks is 43,000 units The cost to place an order is $220 The per unit cost of the item is $60 The annual inventory holding rate is 37.5% Supplier lead time is 5 days Assume 1 year = 360 days Now, what is the total order cost per year?

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