Question: Question 26 2 pts A local auto part store would like to reduce its inventory cost by determining the optimal number of batteries to order

Question 26 2 pts A local auto part store would

Question 26 2 pts A local auto part store would like to reduce its inventory cost by determining the optimal number of batteries to order (i.e., EOQ). The daily demand is estimated to be six batteries; the unit purchase price is $100; the inventory carrying charge per unit is 25%; the ordering cost per order is $25; the annual working days are 300 days. The lead-time for acquiring batteries is estimated to be 4 days. With this information, which of the following is the minimum total inventory cost? O $750 O $1,000 O $1.500 O None of the above

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