What is average inventory if shinyappliaces uses economic, Operation Management

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What is average inventory if shinyappliaces uses economic

ShinyAppliances, Inc. manufactures oven toasters for commercial market. Currently, ShinyAppliances is producing part 1004A.Next year's requirement for part 1004A is estimated at 20,000 units. Part 1004A is valued at $50 per unit and the holding cost of each unit is $8 per year. The cost of processing each order is $200. What is average inventory if ShinyAppliaces uses Economic Order Quantity (EOQ) for ordering?

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Operation Management: What is average inventory if shinyappliaces uses economic

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