Question: If you could show the work/math that would be really helpful Wes and Steve purchase many ingredients to produce the lunch truck foods in their

If you could show the work/math that would be really helpful

If you could show the work/math that would beIf you could show the work/math that would be

Wes and Steve purchase many ingredients to produce the lunch truck foods in their central kitchen. In particular, they buy canned garbanzo beans for their homemade hummus production. The kitchen uses 300 cans each month when preparing salads and has estimated that carrying costs for the beans are $.50/can/year and ordering costs are $15 per order. The company operates 350 days/year. Use this information to answer the questions on page 2. Answer: Question/Math Work Area 1. What is the optimal order quantity of cans they should order to meet demand? (2.5 pts) Quantity: 2. What is the total inventory cost for this quantity? (2.5 pts) Cost: 3. How many times per year should they order? (1 pt) #times: days apart 4. How far apart should they space the orders to ensure that they are minimizing carrying costs? (1 pt)

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