P1 EOQ (20 pts) The Woodstock Appliance Company carries four products. The annual demands for these products range from 3002'year for a high-end vacuum cleaner to 30,0002'year for a table fan. The order costs, holding costs, and purchase costs, as well as how much space each product occupies, are known for each of the four products. The numerical information is summarized in the following table. Product 1 2 3 4 Annual Demand (D) 5,000 10,000 30,000 300 Order Cost (S) $400 $700 $100 $250 Holding Cost Rate 10% 10% 10% 10% Purchase Price (P) $500 $250 $80 $1,000 Spacefunit 12 25 5 20 Try EOQ formula for each product to nd out the order quantity and order cycle, annual inventory cost, annual inventory cost, annual inventory cost, and space occupied for each item and ll the following table: (Hint: H =Holding cost rate *Purchase price) Product 1 Order Quantity Order Cycle in weeks Annual Holding Cost Annual Ordering Cost Total Annual Inventory Cost Space Occupied