Items purchased from a vendor cost $$115\mathrm{.}00$ each, and the forecast for next year's demand is $10950$ units. If it costs $$120\mathrm{.}00$ every time an order is placed for more units and the storage cost is $$16\mathrm{.}00$ per unit per year, answer the following questions.

NOTE: When entering answers, only enter numeric values. Do not enter periods, commas, dollar signs or any other sign, those symbols are provided outside of the answer boxes if needed.

For example: $ $[123].[45]$

What quantity should be ordered? $($Round answer to the nearest whole number$)$

What is the annual holding cost? $($Round answer to two decimal places$)$

$ $$

$$

What is the annual ordering cost? $($Round answer to two decimal places$)$

$ $$

$$

What is the total annual cost of inventory? $($Round answer to two decimal places$)$

$ $$

$$

Formulas:

TC $=$ Total Annual Cost

$D=$ Annual demand

C $=$ Cost per Unit

$S=$ Ordering Cost

$H=$ Holding Cost

$Q=$ quantity to order

$Q_{\text{o}\text{p}\text{t}}=\sqrt[\phantom{2}]{\frac{2DS}{H}}$

Annual Ordering Cost $=\frac{D}{Q}S$

Annual Holding Cost $=\frac{Q}{2}H$

$TC=DC\frac{D}{Q}S\frac{Q}{2}H$