In P2-2, assume that the company desires a safety stock of 500 gallons. Required: 1. Compute the
Question:
Required:
1. Compute the average number of gallons in inventory.
2. Compute the total carrying cost.
3. Compute the total order cost. Did it differ from your answer in P2-2 above?
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1 Average number of gals In inventory 12 x EOQ Safety Stock ...View the full answer
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