Question: 1. What is the inventory position if the on-hand quantity is 462 units, and scheduled receipts are 220 units, and backorder is 130 units? 2.

1. What is the inventory position if the on-hand quantity is 462 units, and scheduled receipts are 220 units, and backorder is 130 units?

2. What is the average cycle inventory?

3. If the order quantity is 220 units, inventory carrying cost being 24% per year and each unit cost of $18, how much does it cost to carry one unit per year?

4. How much does it cost to carry this cycle of inventory in a year?

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