Problem B: Use the following to answer questions $26-29$:

Estimated demand for gold$-$filled lockets at Sam's Bargain Jewelry and Housewares is $3,000$ lockets a year. The ordering cost is $$40,$ and that the following price schedule applies: $1$ to $199$ lockets, $$20$ each; $200$ to $1,999$ lockets, $$19$ each; and $2000$ or more lockets at $$18\mathrm{.}50$ each. Carrying cost per locket on an annual basis is $25\%$ of locket price.

The feasible EOQ is:

A$)199$

B$)224\mathrm{.}78$

C$)200$

D$)219$

E$)227\mathrm{.}8$

QUESTION $27$

The annual holding cost at the feasible EOQ is:

A$)475$

B$)533\mathrm{.}85$

C$)526\mathrm{.}78$

D$)4625$

E$)547\mathrm{.}50$

QUESTION $28$

The total annual cost at the feasible EOQ is:

A$)60,185$

B$)56,553$

C$)61,095$

D$)58,067$

E$)58714$

QUESTION $29$

What order size will minimize total cost?

A$)219$

B$)227\mathrm{.}8$

C$)300$

D$)2000$

E$)224\mathrm{.}78$