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Check my wo Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis,

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Check my wo Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 1,900 of item X, which costs $25 each Storage costs, which include insurance and cost of capital, amount to $6 per unit of average Inventory. Every time an order is placed for more of item X, it costs $22. a. Whenever Item X is ordered, what should the order size be? (Round your answer to the nearest whole number.) Order size 170 b. What is the annual cost for ordering item X? (Round your answer to 2 decimal places. Round your intermediate calculation.) Ordering cost $ 246:31 c. What is the annual cost for storing item X? (Round your answer to 2 decimal places. Round your intermediate calculation.) Holding cost 67 1

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