Question 7 (12.5 points)

What is the Inventory Position if there are 480 units on hand, 200 units as scheduled receipts and there are no backorders?

Question 7 options:

	680
	-10
	210
	280

Question 8 (12.5 points)

What is the Total Inventory Cost if the Q* is 849, annual demand is 12,000 cases, unit cost is $4.00, ordering cost is $30 per order, and holding cost is 25%?

Question 8 options:

	$648.07
	$848.53
	$1,193.73
	$1,012.92