(03-07) LEE is attempting to perform an inventory analysis on one of the most popular products. Monthly demand forthis product is 500 units; unit cost is $150; carrying cost is considered to be approximately 20% of the unit price. Order costs for the company typically run nearly $30 per order and lead time averages 10 days. (Assume 200 working days during year) _03. What is the re-order point (ROP)? a. 20 units b. 25 units c. 300 units c. 200 units d. 250 units _04. What is the average inventory (choose the nearest value)? b. 64.55 a. 28.87 d. 86.61 e. None of the above c. 100 _05. What is the total inventory carrying costs (nearest value)? b. $1,936.50 a. $866.10 c. $2,598.15 d. 3,000.00 e. $3,227.5 _06. How many orders (i.e., number of order) will LEE place during the year (find nearest value)? a.28.9 times c. 38.70 times b. 30.00 times d. 129.1 times e. None of the above 07. What is the number of days per each order cycle (i.e., the time interval between each order cycle)? a. 6.67 days b. 10 days c. 23.10 days e. None of the above d. 38.70 days