The local gift shop is attempting to determine how many sets of wine glass to order. The store feels it will sell approximately 800 sets in the next year at a price of P18 per set. The wholesale price that the store pays per set is P12. Costs of carrying one set of wine glasses are estimated at P1.50 per year while ordering costs are estimated at P25. 16. What is the company's total inventory costs if it orders using the EOQ level? Select the correct response: P2,934 None of these P1,956 P244.95 P122.70