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Chapter 11 Homework Saved Help Save & Exit Submit Check my work 3 Problem 11-21 (Algo) 15 points Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 1,800 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $10 per unit of average inventory. Every time an order is placed for more of item X, it costs $10. Skipped a. Whenever item X is ordered, what should the order size be? (Round your answer to the nearest whole number.) eBook Order size Print References b. What is the annual cost for ordering item X? (Round your answer to 2 decimal places. Round your intermediate calculation.) Ordering cost M Chapter 11 Homework Saved Help Save & Exit Submit 2 Check my work 3 b. What is the annual cost for ordering item X? (Round your answer to 2 decimal places. Round your intermediate calculation.) 15 points Ordering cost Skipped eBook Print References c. What is the annual cost for storing item X? (Round your answer to 2 decimal places. Round your intermediate calculation.) Holding cost