Use the givens provided below to solve this problem.

Annual demand $=3000$

Unit cost $=$$$100$ per unit

Holding cost $=$$$40$ per unit per year

Ordering cost $=$$$1100$ per order

Present lot size $=300$

This company will no longer use their present lot size. The company is switching to EOQ. Find the average inventory if the company uses the EOQ.

Choose the closest answer.

$226$

$78$

$272$

$203$

$136$

$339$