Question # $6(8$ Marks$)$: Rock the Party Company orders Rocking products from their

supplier. The daily demand on working days is $50$ units and the company operates

$240$ days per year. Determine the EOQ if the ordering cost is $$20$ per order and the

annual average cost of holding is $$3$ per unit. Also, find out the annual holding cost

and annual ordering cost. Determine ROP if lead time is $2$ days and safety stock is $50$

units.