Question: PLEASE ANSWER QUICKLY. THANK YOU! This is a 2-part question. Make sure you answer both parts. Excelsior Product currently orders 7000 units of inventory per

PLEASE ANSWER QUICKLY. THANK YOU!

This is a 2-part question. Make sure you answer both parts. Excelsior Product currently orders 7000 units of inventory per year at a cost of $400 per unit. It has total annual costs related to inventory of $3,000,000 and incurs no in-transit carrying cost. Average inventory is valued at $185,000. Inventory is ordered 7 times a year at a total reordering cost of $50.000 (Note: For this problem, Total costs =1CC+OC+ Landed Value) Part 1: Is Excelsior operating at the EOQ point

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