Part 1 A product has demand of soo units per month, at a cost of sz00 per unit The annual holding cost per unit is calculated as 2% of the unit purchase price. It costs the business $30 to place a single order. The E00 model is appropriate a) Determine the highest number of units that should be purchased by the business b) What is the number of orders to be placed each year for this product? c) Compute the average annual ordering cost d) Compute the average annual carrying cost. e) What is the cost minimizing solution for this product each year in total stock administration costs? Part 2 The maximum number of units sold for any one week is 150 and minimum sales So ur takes anywhere from 2 to 4 weeks to deliver the merchandise after the order is placed Using the EOQ model, determine the re order level. minimun inventory level and masimum inventony level for the he vendor product