Question: Problem (2 Marks) Suppose that Al Ma'arif Group is engaged in manufacturing and sales of a seasonal product. Based on a sales forecast of 2000,

Problem (2 Marks) Suppose that Al Ma'arif Group is engaged in manufacturing and sales of a seasonal product. Based on a sales forecast of 2000, 1000, 1000, and 4000 per quarter, calculate a level production plan, quarterly ending inventory, and average quarterly inventory. If inventory carrying costs are $10 per unit per quarter, what is the annual cost of carrying inventory? Assume that the opening and ending inventories are zero

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