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What is the total inventory cost

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Reference no: EM132701825

The weekly demand for 25 FL OZ Extra Virgin Olive Oil at your local grocery is 200 bottles. The cost of placing an order is $12 and the monthly holding cost for one bottle is 2% of its cost. Grocery purchase this oil from a distributer at NY and pay $4.75 for each bottle. Each year is 12 months and 52 weeks.

NOTE: Do not round your answer

a) How many bottles of olive oil should order each time to minimize the inventory cost?

b) What is the total inventory cost?

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Reference no: EM132701825

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