Question: The inventory management costs for a certain product with a price of $ 4 4 per unit and an annual demand of 1 2 0

The inventory management costs for a certain product with a price of $44 per unit and an annual demand of 1200 units are:
Ordering cost per order, $230;
Holding cost per unit per year, $8.8.
Compute the annual ordering cost, the annual holding cost, the annual total ordering and holding cost for order quantities of 1200,600, and 300. Also compute the optimal order quantity, optimal annual cost of orders, and optimal total cost of orders and inventory (Do not round the computed optimal order quantity when when computing these costs).

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