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Problem 7-10 (Algo) A sporting goods company has a distribution center that maintains inventory of fishing rods. The fishing rods have the following demand, lead time, and cost characteristics: Average demand = 120 units per day, with a standard deviation of 11 units Average lead time = 11 days with a standard deviation of 2 days 250 days per year Unit cost $24 Desired service level = 90% Ordering cost = $63 Inventory carrying cost = 25% a. What is the standard deviation of demand during lead time? (Round up your answer to the next whole number.) Standard deviation units b. How much safety stock should be carried? (Round up your answer to the next whole number.) Safety stock units C. Calculate EOQ. (Round up your answer to the next whole number.) EOQ units d. Calculate annual ordering cost. (Round your answer to 2 decimal places.) Annual ordering cost e. Calculate annual inventory carrying cost. (Round your answer to the nearest dollar amount.) Annual inventory carrying cost f. Calculate annual product cost. (Round your answer to the nearest dollar amount.) Annual product cost g. Calculate total cost. (Round your answer to 2 decimal places.) Total cost h. Calculate average cycle stock. Average cycle stock units i. Calculate average inventory. Average inventory units