What is the average inventory

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Daisy Gift Shop is a local gift and stationary store. It costs this store $21.63 per unit annually for storage, insurance, etc. to hold decorative vases in their inventory. Sales this year are anticipated to be 238 units. Each order costs $93. The company is using the Economic Order Quantity model in placing the orders. What is the average inventory held during the year including safety stock if the store insists on a 5 days safety stock (assume 365 days a year)? Round the answer to the whole number.

Reference no: EM133072688

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