Given the Following Data for a Particular Inventory Item For the Economic Order Quantity, What Are Average Weekly Total

question 13

Short Answer

Given the following data for a particular inventory item: $$\begin{array} { l l } \text { Usage } & 500 \text { units/week } \\\text { Ordering } & \$ 40 \text { per order } \\\text { Carrying Cost } & \$ .01 \text { per unit per week } \\\text { Lead Time } & 3 \text { weeks } \\\text { Price } & \$ .50 \text { per unit }\end{array}$$ For the economic order quantity, what are average weekly total costs, including the cost of the inventory item?