Use the givens provided below to solve the problem.

Find the annual ordering 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$

$$6241$

$$4714$

$$6000$

$$5250$

$$5625$

$$6857$