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If the annual demand for a product is 4000, ordering cost is $100 per order when order quantity is less than 500, $50 per order when order quantity is between 500 and 999, $0 per order when order quantity is 1000 or more, carrying cost is $2.00 per year per item based on the average inventory level, what is the economic ordering quantity?

A) 500

B) 1000

C) 448

D) 633

E) 317

F) None of them

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If the annual demand for a product is 4000, ordering cost is $100 per order, carrying cost is $2.00 per year per item based on the average inventory level, what is the economic ordering quantity?

A) 633

B) 317

C) 500

D) 448

E) None of them

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If the annual demand for a product is 4000, ordering cost is $100 per order, carrying cost is $2.00 per year per item based on the maximum inventory level, what is the lowest total inventory cost? (Total Inventory Cost = Ordering Cost + Carrying Cost)

A) $1789

B) $1265

C) $1800

D) None of them