A product meets all requirements of an EOQ model, i. e., known and constant demand and a fixed delivery lead-time. You determined the optimal order quantity Q* for your product using the EOQ model. Using Q*, total relevant inventory management costs comes out to be $1,400 annually. Given only this information: (assume 4 quarters/year) A. I know that total annual expenditures on ordering costs are $800.
B. I know that total quarterly expenditures on holding costs are $700.
C. I know that an order is placed quarterly.
D. I know that total annual expenditures on holding costs are $1,600.
D. None of the above are true.

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?