BAYWEST began the third quarter (July to September) of 2020 with 30 (Alcatel) tablets at a total cost of $187,800.

July 8	98 tablets were purchased at a cost of $6,202 each. In addition, the business paid a freight charge of $248 cash on each tablet to have the inventory shipped from the point of purchase to their warehouse
July 31	The sales for July were 85 tablets which yielded total sales revenue of $809,030. (25 of these tablets were sold on account to longstanding customers)
August 4	A new batch of 67 tablets was purchased at a total cost of $465,650
August 10	5 of the tablets purchased on August 4 were returned to the supplier, as they were not of the model ordered.
August 31	During the month 60 tablets were sold at a price of $10,350 each.
September 4	A customer, to whom 9 tablets were sold during the first business day of August, returned 3 of the instruments, as they were of another brand.
September 10	Owing to an increased demand, a further 115 tablets were purchased at a cost of $7,900 each; these were subject to a trade discount of 2% each.
September 30	121 tablets were sold during September at a unit selling price of $11,085.
September 30	An actual count of inventory was carried out which revealed that there were 34 units of the Alcatel brand of merchandise in the store room.

Wheels & Deals Limited uses 60,000 batteries each year in its production of motorcycles at a cost of $450 per battery. The cost of placing an order is $75.00. The cost of holding one unit of inventory for one year is 0.5% of the unit purchase price. Currently, Wheels & Deals Limited places 12 orders of 5,000 batteries per year. Compute the cost Wheels & Deals current inventory policy. Is this the minimum cost? Explain.