1) If the demand for each size is as follows, calculate order quantities to minimize inventories and maintain the same total number of runs. Calculate the old and new average inventories. Is there any change in the number of orders per year? *** in the annual Usage below replace item 1 with $32,600 Item 2 with $8756 and Item 3 with $1975. And carry out the calculations required. Present Orders Annual Usage Present Lot Size New Lot Size = KVAD New Orders per Year N = Aple Item per Year 1 $22.500 6 2 $7225 3 $1600 6 Total Average Inventory