Joe Henry's machine shop uses 2530 brackets during the course of a year. these brackets are purchased from a supplier 90 miles away. The following information is known about the brackets:
Annual demand 2530
Holding cost per bracket per year $1.55
Order cost per order$18.25
lead time 2 days
working days per year 250
What is the average inventory if the EOQ is used?
What would be the annual inventory holding cost?