Question: Please provide a clear answer of this question. Do NOT copy and paste the previous answer that has been posted in Chegg. I need more

Please provide a clear answer of this question. Do NOT copy and paste the previous answer that has been posted in Chegg. I need more explanation and please prepare in excel spreadsheet, I want each and every step. Thank you

The materials manager of an ambulatory surgery center is looking to determine the appropriate order quantity and reorder points for customized surgical kits. A custom surgical kit costs $50 to order, and the annual carrying cost is 10 percent of the product cost. Annual demand for surgical kits is 3,600 and the purchase price is $200. Lead time for delivery is two weeks.

a) What is the economic order quantity for surgical kits? b) What is the length of the order cycle? c) What is the total inventory management cost? d) What is the investment cost for surgical kits?

e) Assuming the surgery center would like to hold fifty kits as safety stock, what is the reorder point?

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