Appliance for Less is a local appliance store. It costs this store $22.37 per unit annually for storage, insurance, etc., to hold microwave in their inventory. Sales this year are anticipated to be 676 units. Each order costs $60. The company is using Economic Order Quantity model in placing the orders.

What is the average inventory held during the year including safety stock if the store insists on a 2 dayssafety stock (assume 365 days a year)?

(Round the answer to the whole number)

***Please provide the formula and show how to calculate the problem step by step.