Safari Industries Requires Part XC-4 to Manufacture One of Its

Multiple Choice

Safari Industries requires part XC-4 to manufacture one of its most popular products.Safari produces 32,000 units of this popular product each year, it costs Safari $12 per unit in holding costs, and order costs are $240.In order to minimize inventory costs, Safari wants to determine the economic order quantity and its total inventory costs if it implements EOQ. Safari's total annual inventory cost is approximately: (Round your intermediate calculations to whole dollars.)

A) $1,600.
B) $6,960.
C) $20,532.
D) $13,512.
E) Not enough information is provided to determine the total annual inventory cost.