The mechanical engineer at Pham Manufacturing has developed a new gearbox. Next year's sales are expected to be $70,000 at a selling price of $100 per unit. The manager would like to cut costs as much as possible and comes to you for advice. Relevant cost information includes: Warehouse space $3.00/unit; Material handling expense $2.00/unit; Insurance premium $1.00/unit; Total ordering cost $150.00/per order Question 3 (3 points) Listen Ignore the information in the header: What is the total cost of a purchasing situation where 200 items are ordered at a time. There are 1400 items sold each year for $20 each. The ordering cost is $20 and the carrying cost is $2 per unit per year? $340 $3,000 $2,280 $2,014