Consider the Emarpy Appliance situation in Problem 6-54. If Richard Feehan wants to minimize the total annual

Question:

Consider the Emarpy Appliance situation in Problem 6-54. If Richard Feehan wants to minimize the total annual inventory cost, how many refrigerators should be produced in each production run? How much would this save the company in inventory costs compared with the current policy of producing 400 in each production run?