Question: Question 4 A local service station is open 2 7 5 days per year. Sales of 1 0 W 4 0 grade premium oil average

Question 4
A local service station is open 275 days per year. Sales of 10W40 grade premium oil average 20 per day. Inventory holding costs are $0.50 per can per year. Ordering costs are $10 per order. time is fixed at two (2) weeks. Backorders are not practical for this company.
Calculate the economic order quantity for this company. Report the rounded up figure below.
470
280
321
400
Question 4 A local service station is open 275 days per

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