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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,

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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 exist104 each. The firm uses 6, 800 canisters per year. The controller estimates that it costs exist159 to place and receive a typical order of XL-20. The annual cost of storing XL-20 is exist4.60 per canister. Required: Prepare a table showing the total annual cost of ordering and storing XL-20 for each of the following order quantities: 850, 1700, and 3, 400 canisters

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