Pls help A manufacturer has a production facility that requires 11,645 units of componentJY21 per year. Following a long-term contract, the manufacturer purchasescomponent JY21 from a supplier with a lead time of 14 days. The unit purchase cost is$30.2 per unit. The cost to place and process an order from the supplier is $140 perorder. The unit inventory carrying cost per year is 10.2 percent of the unit purchasecost. The manufacturer operates 250 days a year. Assume EOQ model is appropriate.If the manufacturer uses a constant order quantity of 1,101 units per order, what isthe annual inventory cost?Use at least 4 decimal places.

From the given information, Annual demand, D = 11,645 UNITS. Ordering cost, C = $140 Annual…

Answered: A manufacturer has a production…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...

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