Southern hydraulic supply is undertaking a review of their inventory policies. a typical product is a small hydraulic fitting. currently, southern orders 1,000 of these fittings at a time from their supplier. the demand for the fittings is 52,000 per year, the ordering cost is $50 per order, and the cost to hold one fitting in inventory for one year is $1.25. each unit costs $8. what is the total annual cost of southern’s current inventory policy? group of answer choices $2039 $300,000 $418,550 $419,225