Calculate annual product cost and average cycle stock

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Reference no: EM131725503

A sporting goods company has a distribution center that maintains inventory of fishing rods. The fishing rods have the following demand, lead time, and cost characteristics:

Average demand = 200 units per day, with a standard deviation of 19 units

Average lead time = 19 days with a standard deviation of 2 days

250 days per year

Unit cost = $30

Desired service level = 90%

Ordering cost = $60

Inventory carrying cost = 20%

Calculate annual inventory carrying cost. (Round your answer to the nearest dollar amount.)

1. Calculate annual product cost. (Round your answer to the nearest dollar amount.)

2. Calculate total cost. (Round your answer to 2 decimal places.)

3. Calculate average cycle stock.

4. Calculate average inventory.

Reference no: EM131725503

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