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Appliance for less is a local appliance store it costs this

Finance: EOQ, Average Inventory

Question

Appliance for Less is a local appliance store. It costs this store $19.50 per unit annually for storage, insurance, etc., to hold microwave in their inventory. Sales this year are anticipated to be 381 units. Each order costs $95. The company is using Economic Order Quantity model in placing the orders.

What is the average inventory held during the year including

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Finance Basics: Appliance for less is a local appliance store it costs this

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Finance Basics: Appliance for less is a local appliance store it costs this

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