A standard part is stocked in an inventory of parts within a firm. Each year this firm randomly uses about 1,730 of these parts which cost $35 each. Storage costs, which include insurance and cost of capital amount to $8 per unit of average inventory. Every time an order is placed for more of this part, it costs $22.

A. Whenever this part is ordered, what should the order size be?

B. What is the annual cost for ordering this standard part?

C. What is the annual holding cost for storing this standard part?