Ordering and Carrying Inventory novel univne bris gabio Exercises 1. Classic Footwear, a shoe store chain, issues 6,800 purchase orders a year. A product manager and two assistants devote 55% of their time to ordering and 45% to other purchasing tasks. Their gross compensation including benefits is $135,000 a year. Nineteen percent of annual warehouse costs of $230,000 and 20% of annual office costs of $84,000 are charged to purchasing. a. What amount of gross compensation is spent on ordering? b. What total amount is spent on ordering? c. What is the average cost of issuing purchase orders, to the nearest cent?