Given the following company data:

Raw Materials $=$$$17,500,000$

Work$-$in$-$Process $=$$$9,300,000$

Finished Goods $=$$$6,400,000$

Cost of Goods Sold $=$$$470,000,000$

Open $365$ days a year

Too many days of supply can result in excessive inventory storage costs:

Given the following information concerning non$-$instantaneous replenishment $($POQ$)$:

Mountain Nectar Brewing Company produces an India pale ale which it stores in barrels in its warehouse and supplies to distributors on demand. The demand for India pale ale is $1800$ barrels per day and the company can produce $3000$ barrels per day. It costs $$750$ to set up a production run of India pale ale. Once brewed, the ale is stored in their refrigerated warehouse at an annual cost of $$60$ per barrel. Mountain Nectar Brewing Company operates $250$ days per year $($to calculate annual demand$).$

Which statement below best describes the relationship between daily production and daily demand?

Daily production is not enough to keep up with daily demand so we have a daily shortage of India pale ale

Daily production exactly equals daily demand so zero $(0)$ units are placed in the warehouse every day $($when making India pale ale$)$

Daily production exceeds daily demand such that $1200$ units are placed in the warehouse every day $($when making India pale ale$)$