Question: Use the givens provided below to solve the problem. Find the annual holding cost if the company is using their present lot size? Do not

Use the givens provided below to solve the problem. Find the

Use the givens provided below to solve the problem. Find the annual holding cost if the company is using their present lot size? Do not use EOQ. Use the present lot size. Choose the closest answer. Annual demand =5500 Holding cost =$30 per unit Present lot size =350 Unit cost =$50 Ordering cost =$300 $5625 $6000 $5250 $4714 $6857 $6241

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