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Goat Cheese Company purchases 9,783 boxes of cheese each year. It costs $29 to place and ship each order and $5.34 per year for each

Goat Cheese Company purchases 9,783 boxes of cheese each year. It costs $29 to place and ship each order and $5.34 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? Round the answer to the whole number.

Please choose the correct answer from the list (163; 653; 224; 198; 522)

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