The image below represents a standard, repetitive build up and depletion of goods

$($input$,$ in$-$process, or output inventory$)$ known as cycle inventory. This is calculated

as the average amount of inventory held over time period $t.$ Which of the inventory

cost elements utilizes this metric in its contribution to the total cost of carrying the

inventory?

Holding Cost

Fixed Order Cost

Material Cost

All cost elements rely on Q$/2$