Consider the following information for an item for which you…
Consider the following information for an item for which you must develop an inventory policy. Annual demand: 4000 units Order cost: $50 per order Per unit holding cost / year: 25% of unit purchase price Per unit purchase cost: $10.00 if order quantity < 1000 units $ 9.50 if 1000 5000 units If the best answer was 1000 for this problem, which of the following would be the lowest total cost?