A firm uses an inventory item with the following characteristics.

Cost per-item	$6.00
Annual consumption	1,000
Fixed cost per order placed	$30.00
Carrying cost of inventory (as a % of dollar value)	25%

How many times should the product be reordered each year and what are the related carrying costs and ordering cost?

a. 5 Reorders, $150 Carrying Costs, $150 Ordering Costs

b. 3.3 Reorders, $150 Carry Costs, $150 Ordering Costs

c. 5 Reorders, $300 Carry Costs, $150 Ordering Costs

d. 3.3 Reorders, $300 Carry Costs, $300 Ordering Costs