Cheeseburger and Taco Company purchases 12,986 boxes of cheese each year. It costs $27 to place and ship each order and $7.64 per year for each box held as inventory.
Cheeseburger and Taco Company purchases 12,986 boxes of cheese each
year. It costs $27 to place and ship each order and $7.64 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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