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What is the average inventory held during the year

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Reference no: EM131411639

Finance: EOQ, Average Inventory

Question

Cheeseburger and Taco Company purchases 8,214 boxes of cheese each year. It costs $20 to place and ship each order and $4.77 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?

Reference no: EM131411639

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