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Ordering and Carrying Costs Ottis, Inc., uses 737,800 plastic housing units each year in its production of paper shredders. The cost of placing an order

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Ordering and Carrying Costs Ottis, Inc., uses 737,800 plastic housing units each year in its production of paper shredders. The cost of placing an order is $29. The cost of holding one unit of inventory for one year is $20. Currently, Ottis places 170 orders of 4,340 plastic housing units per year Required: 1. Compute the annual ordering cost. 2. Compute the annual carrying cost. 3. Compute the cost of Ottis's current inventory policy Is this the minimum cost? -Select your

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