3. A company is planning for its financing needs and uses the basic fixed-order quantity inventory model. What is the total cost (TC) of the inventory given an annual demand of 10,000, setup cost of $32, a holding cost per unit per year of $4, an EOQ of 400 units, and a cost per unit of inventory of $150?

A company is planning for its financing needs and uses the basic fixed-order quantity inventory model. What is the total cost (TC) of the inventory given an annual demandof 10,000, setup cost of…