Waltz Ltd is a retailer of plastic. The company has an annual demand of 18 375 containers. The container cost $6 each. Fresh supplies can be obtained immediately, but ordering costs and the cost of carriage inwards are $100 per order. The annual cost of holding one container in inventory is estimated to be $1.20. Required: a. b. 2(Annual demend x Cast Annual holding (2 marks) 2057 Calculate the EOQ from the above information. 8 days The following data was taken from a company. Minimum lead time Average lead time Maximum lead time 10 days 14 days Maximum usage 1 000 units per day 600 units per day Minimum usage Re-order quantity 10 800 units