What is the average inventory held during the year, Financial Accounting

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What is the average inventory held during the year

Problem

Cheeseburger and Taco Company purchases 6,960 boxes of cheese each year. It costs $30 to place and ship each order and $7.84 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?

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Financial Accounting: What is the average inventory held during the year

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Financial Accounting: What is the average inventory held during the year

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