?Homework Week 13In all inventory problems, round up quantities to the nearest whole unit. So if your answer is 45.01 wheels, you would answer 46 wheels.Problem 1:You have gathered the following information for a friend who manages a restaurant. You will use this data for an ABC analysis and use it in the first 3 questions in the HW Form: ?ItemAnnual Demand (case)$Value per case??Carrots12231??Chicken488325??Crab44175??Cream25633??Eggs31622??Fish120175??Flour88412??Garlic665??Milk98830??Napkins150016??Oil10428??Order pads10412??Pasta41623??Pepper1044??Potatoes57510??Salad mix38815??Salt1043??Seasoned Salt524??Soup Stock40044??Steak375135??Sugar1467??Table Clothes26032??Tomato Sauce26023??Wine764250??Yeast205?Problem 2:You typically order the ink cartridge replacements for your office at 100 units at a time. You estimate that the annual carrying cost per item is 34% of the $55 unit cost. (The cost to hold one item for one year = 34% of the $55.) Annual demand is 500 units. You estimate that the cost to place an order is $25. Since you learned about the EOQ model in class, you want to compare your plan to order 100 units at a time with an EOQ solution. Assume that there are 365 working days a year and that lead time is 14 days. Consider only the inventory costs and answer questions 4 to 9 in the HW Form.Problem 3:You supply 300,000 small button batteries per year to Light-My-Way, Inc., manufacturer of LED dog collars. The setup cost is $50 and the holding cost is $0.04 per year per battery. You can produce 1500 batteries per day. You ship 750 per day to Light-My-Way, Inc. Questions 10 to 12 in the HW Form use this information.Problem 4:You purchase key chains with your company logo to give to customers. You purchase 10,000 a year. You estimate the cost to hold at 30% of the purchase cost and the cost to place an order at $25…