A Jordanian Company Has to Meet a Regular Demand of 6000

question 3

Multiple Choice

A Jordanian company has to meet a regular demand of 6000 units per year. Each time they place an order for 450 units of stock it costs JOD 20 (Jordanian Dinar) and it costs JOD 0.10 to hold a unit of stock for a year. Using the basic model, calculate the total inventory cost for a year (to nearest whole JOD)

• A) JOD 276
• B) JOD 281
• C) JOD 289
• D) JOD 293

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