A large bakery buys flour in 50-pound bags. The bakery uses an average of 9,080bags a year.
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Question:
A large bakery buys flour in 50-pound bags. The bakery uses an average of 9,080bags a year. Preparing an order and receiving a shipment of flour involves a cost of $27.3 per order. Annual carrying costs are $18.1 per bag. The bakery holds 41 bags of flour in inventory as safety stock.
On average, how many bags of flour are in inventory?
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