Order Point; Inventory Levels. Cummings Company has developed the following figures to assist in control¬ ling one of its inventory items: LO2 Minimum dailyuse. 150 units Normal dailyuse. 200 units Maximum dailyuse. 230 units Working days peryear. 250 Lead time in workingdays. 10 Safetystock. 300 units Cost of placing anorder. $80 Orderquantity. 4,000 units Required: Compute the following:

(1) Order point

(2) Normal maximum inventory

(3) Absolute maximum inventory

(4) Assuming demand is uniform and the EOQ formula is applicable, determine the cost of storing one unit for one year.