Question: Given the following data for a particular inventory item: Demand: 5 0 0 units per month Ordering Cost: $ 3 0 per order Holding Cost:

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?
Multiple Choice
800 units
100 units
174 units
500 units
600 units

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