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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

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?
Note: Round your answer to the nearest whole number.
Order size
b. What is the annual cost for ordering item x?
Note: Round your order quantity to the nearest whole number and your final answer to 2 decimal places.
Ordering cost
c. What is the annual cost for storing item x?
Note: Round your order quantity to the nearest whole number and your final answer to 2 decimal places.
Holding cost
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