Appliance for Less is a local appliance store. It costs this store $19.64 per unit annually for
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Question:
Appliance for Less is a local appliance store. It costs this store $19.64 per unit annually for storage, insurance, etc., to hold microwave in their inventory. Sales this year are anticipated to be 556 units. Each order costs $94. The company is using Economic Order Quantity model in placing the orders.
What is the average inventory held during the year including safety stock if the store insists on a3 dayssafety stock (assume 365 days a year)?
(Round the answer to the whole number)
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