Using the givens provided below, find the annual total cost of inventory if the company is using their present lot size?

Choose the closest answer.

Annual demand $=5000$

Ordering cost $=$$$200$ per order

Holding cost $=$$$6$ per unit per year

Present lot size $=500$

Unit cost $=$$$10$ per unit

$$53500$

$$53732$

$$53000$

$$53308$

$$54000$