Show work and the formula you used. The answer will be exact not rounded or approximate.

For Questions 1 through 10, assume a constant demand, D=1560 items/year, lead time, LT= 1.3 weeks, safety stock, SS=16, unit ordering cost, Co=$120/order, and the unit carrying cost, Cc=$26/item/year.

Question 3. If the lot size, Q=150,

then which of the following represents the average inventory per inventory period?

(A) 75 (B) 91 (C) 107 (D) 45 (E) 60

Question 7. If the lot size, Q=150,

then which of the following represents the total carrying cost during one lead time?

(A) $13 (B) $59 (C) $23 (D) $46 (E) $2366