Question: Edwards Electronic, Inc. assembles custom electronics. The outlets needed are bought for $15 each and are ordered in quantities of 1500 units. Annual demand is

  1. Edwards Electronic, Inc. assembles custom electronics. The outlets needed are bought for $15 each and are ordered in quantities of 1500 units. Annual demand is 6000 outlets, the annual inventory holding cost rate is $5 per unit, and the cost to place an order is estimated to be $75. Calculate the following:

    1. Average inventory level

    2. The number of orders placed per year

    3. The total annual inventory holding cost

    4. The total annual ordering cost

    5. The total annual cost

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