Question 3 A company uses 5000 items per annum which has a price of $2 each. The ordering costs are $150 per order and holding costs are $1.50 per item per annum ( 3 marks) A. Calculate the EOQ B. Using the EOQ as the number of items ordered, calculate the: i. number of orders per annum ii. average stock iii. annual stock holding cost iv. annual order cost v. total annual inventory cost (I mithk) (I mark) (2 marks) ( 2 marks) ( 2 murks) ( 2 marks) vi. vi. total annual cost of items and inventory