Cheeseburger and Taco Company purchases 10,873 boxes of cheese each year. It costs $16 to place and ship each order and $3.48 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.
Cheeseburger and Taco Company purchases 10,873 boxes of cheese each
year. It costs $16 to place and ship each order and $3.48 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.
What is the average inventory held during the year?
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