Question: Answers are correct, would just like a step by step of how to solve! A medical equipment has an average monthly demand is 115 units.

Answers are correct, would just like a step by step of how to solve!

A medical equipment has an average monthly demand is 115 units. Its unit cost is $327. It costs $322 to place an order, and the inventory carrying cost is $40 per unit per year. The equipment requires a 95% of service level with a safety stock requirement of 27 units. What is the equipment's minimum annual total inventory cost? Numbers only, keep 3-decimal if not exact, either round up or down is ok. 458,302.281 margin of error +/0.001

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