# MULTIPLE CHOICE. 20 points each Choose the one alternative that best completes the statement or answers the question 16) Bakery A uses 60 bags of flour each month. The flour is purchased from a suppli

MULTIPLE CHOICE. 20 points each Choose the one alternative that best completes the statement or answers the question 16) Bakery A uses 60 bags of flour each month. The flour is purchased from a supplier for a price of \$80 per bag and an ordering cost of \$20 per order. Bakery As annual inventory holding cost percentage is 40%. If Bakery A chooses to use the economic order quantity for four purchases, what will be the total of its holding and ordering costs per year? A) \$277 B) \$960 C)\$138 D) \$480 17) Bakery A uses 60 bags of flour each month. The flour is purchased from a supplier for a price of \$80 per bag and an ordering cost of \$20 per order. Bakery As annual inventory holding cost percentage is 40%. If Bakery A chooses to use the economic order quantity for flour purchases, how many orders will be placed with the supplier each year? A) 15 B)7 C)24 D) 30

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