What is the average amount of kopi guat inventory

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Question: Don Ramon is one of the largest coffee grower in Guatemala. Their premium coffee Kopi Guat is imported into the US by Ron Damon, a coffee retailer based in Seattle. On average Ron Damon sells 48 lbs of Kopi Guat per week (Assume 50 weeks in a year) at the retail price of $15 per lb. Ron Damon pays $5 per lb to purchase Kopi Guat from the Don Ramon. The coffee is shipped in a vacuum sealed container. Shipping a container from Guatemala to Seattle costs $600 irrespective of the size. Assume that Ron Damon holds no safety inventory and places an average of 5 orders every year. What is the average amount of Kopi Guat inventory (in lbs) Ron Damon holds?

Reference no: EM133345952

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