Other Homework Help

Appliance for Less is a local appliance store. It costs this store $28.62 per unit annually for storage, insurance, etc., to hold microwave in their inventory. Sales this year are anticipated to be 481 units. Each order costs $71. The company is using Economic Order Quantity model in placing the orders.

What is the average inventory held during the year including safety stock if the store insists on a 5 days safety stock (assume 365 days a year)?

(Round the answer to the whole number)