Answer the following question(s) using the information below: The Wood Furniture Company produces a specialty wood...

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Answer the following question(s) using the information below: The Wood Furniture Company produces a specialty wood furniture product, and has the following information available concerning its inventory items: Relevant ordering costs per purchase order Relevant carrying costs per year: $150 Required annual return on investment Required other costs per year 10% $1.40 Annual demand is 10,000 packages per year. The purchase price per package is $16. What are the Wood Furniture Company annual total relevant costs, assuming the quantity ordered equals 500 units? $500 $3,350 $4,000 $3,500 $3,750 Answer the following question(s) using the information below: The Wood Furniture Company produces a specialty wood furniture product, and has the following information available concerning its inventory items: Relevant ordering costs per purchase order Relevant carrying costs per year: $150 Required annual return on investment Required other costs per year 10% $1.40 Annual demand is 10,000 packages per year. The purchase price per package is $16. What are the Wood Furniture Company annual total relevant costs, assuming the quantity ordered equals 500 units? $500 $3,350 $4,000 $3,500 $3,750