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Demand for a 48 oz container of a popular infant formula at Sam's Club is constant at 480 units per month. Sam's Club incurs a
Demand for a 48 oz container of a popular infant formula at Sam's Club is constant at 480 units per month. Sam's Club incurs a fixed order cost of $1,507 each time it places an order. The holding cost per unit per year is 42% of the purchase cost per unit of $20. Currently, Sam's Club orders 831 units whenever it places an order. The lead time to receive the order is 26 days. Assume Sam's Club operates 364 days, 52 weeks, and 12 months per year. Calculate the average cycle inventory in units for the current policy. Enter your answer rounded to one decimal place (nearest tenth)
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