Question: Jim uses a fixed order interval approach to managing his inventory of corn chip bags (i.e., Jim orders more bags on the 1st of each

Jim uses a fixed order interval approach to

Jim uses a fixed order interval approach to managing his inventory of corn chip bags (i.e., Jim orders more bags on the 1st of each month). Jim doesn't know demand with certainty, but his sales typically range from 2000 to 4000 bags a month, so he keeps 4500 bags in stock. Last month Jim sold 2950 bags. Using the periodic review (P) system, how many bags will Jim order this month? 2000 2750 2950 4000

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