Problem D: Use the following to answer questions 31 - 34: 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 $18.50 each. Carrying cost per locket on an annual basis is 25% of locket price. 31. The feasible EOQ is: A) 219 B) 227.8 C) 199 D) 224.78 E) 200 32. The annual holding cost at the feasible EOQ is: A) 475 B) 547.5 C) 526.78 D) 4625 E) 533.85 33. The total annual cost at the feasible EOQ is: A) 60,185 B) 58,067 C) 61,095 D) 56,553 E) 58714 34. What order size will minimize total cost? A) 219 B) 227.8 C) 200 D) 224.78 E) 2000