Assistants, Inc. a new cell phone manufacturer, uses approximately 28,800 microchips annually for Model #7346. The chips are used at a steady rate during the 250 workdays that the plant operates. The price of each chip is $10.00 and the annual holding (carrying) cost is $2.00 per unit per year. The ordering cost is $50. Assume no safety stock is kept. Answer the following questions. a) What is the optimal order size to use each time inventory needs to be replenished? microchips b) To assure accurate administrative records, a purchase order is given to the supplier each time EOQ is ordered. How many purchase orders are issued per year for chips? orders c) What is the annual ordering cost for microchips? $ d) How workdays are there between each purchase order placed (order cycle time)? (round to 1 decimal) days e) What is the average inventory level (quantity) of chips? microchips f) What is the annual carrying (holding) cost? $ g) What is the total cost of inventory? $ h) How much would the total annual inventory cost change if the order quantity must be 1500 units because of standard shipping container size? Hint: compare to part "g". $