8 The following information applies to the questions displayed below] Fiber Technology, Inc, manufactures glass fibers used in the communications industry. The company's materials and parts manager is currently revising the inventory policy for XL-20, one of the chemicals used in the production process. The chemical is purchased in 10-pound canisters for $114 each. The firm uses 5,600 canisters per year. The controller estimates that it costs S169 to place and receive a typical order of XL-20. The annual cost of storing XL-20 is $5.90 per t 2 of 3 canister Required: 1. Prepare a table showing the total annual cost of ordering and storing XL-20 for each of the following order quantities: 400, 560, and the total annual cost of ordering and storing XL-20 for each of the 700 canisters 400 eferences