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Jack is managing a bike store. Suppose the demand for a Giant Mountain Bike is 50 per week. The unit cost is $1000. Every time

Jack is managing a bike store. Suppose the demand for a Giant Mountain Bike is 50 per week. The unit cost is $1000. Every time Jack order from Giant, he has to pay the fix shipping fee of $600. The capital cost for Jack is 1% per month. What is the total monthly cost excluding the purchasing cost if Jack orders EOQ? A. $1549.19 B. $778.23 C.$300.25 D.$6980.23

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