1. Given the following data for a particular inventory item:

   Demand:	500 units per month
   Ordering Cost:	$30 per order
   Holding Cost:	$1 per unit per year
   Lead Time:	1.5 months
   Price:	$7.99 per unit
   360 working days in a year

   For the economic order quantity, what is the maximum inventory level?

   		100 units
   		174 units
   		500 units
   		600 units
   		800 units

2. Given the following data for a particular inventory item:

   Demand:	500 units per month
   Ordering Cost:	$30 per order
   Holding Cost:	$1 per unit per year
   Lead Time:	1.5 months
   Price:	$7.99 per unit
   360 working days in a year

   For the economic order quantity, what is the total annual holding cost?

   		$250
   		$87
   		$280
   		$50
   		$300

3. Given the following data for a particular inventory item:

   Demand:	500 units per month
   Ordering Cost:	$30 per order
   Holding Cost:	$1 per unit per year
   Lead Time:	1.5 months
   Price:	$7.99 per unit
   360 working days in a year

   What is the reorder point?

   		600 units
   		174 units
   		500 units
   		750 units
   		100 units

4. Given the following data for a particular inventory item:

   Demand:	500 units per month
   Ordering Cost:	$30 per order
   Holding Cost:	$1 per unit per year
   Lead Time:	1.5 months
   Price:	$7.99 per unit
   360 working days in a year

   For the economic order quantity, what is the total annual ordering cost?

   		$300
   		$150
   		$2000
   		$1034.48
   		$2546.8