Question: VID Question 4 13 pts a A manufacturer has a production facility that requires 14,820 units of component JY21 per year. Following a long-term contract,

VID Question 4 13 pts a A manufacturer has a
VID Question 4 13 pts a A manufacturer has a production facility that requires 14,820 units of component JY21 per year. Following a long-term contract, the manufacturer purchases component JY21 from a supplier with a lead time of 11 days. The unit purchase cost is $37.7 per unit. The cost to place and process an order from the supplier is $139 per order. The unit inventory carrying cost per year is 17.6 percent of the unit purchase cost. The manufacturer operates 250 days a year. Assume EOQ model is appropriate. If the manufacturer uses a constant order quantity of 2,204 units per order, what is the annual ordering cost? Use at least 4 decimal places a

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