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GROCERY STORE PROBLEM: A local retailer of pet food faces demand for one of its items at a constant rate of 25,000 bags per year.

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GROCERY STORE PROBLEM: A local retailer of pet food faces demand for one of its items at a constant rate of 25,000 bags per year. It costs them $15 to process an order and $3 per bag per year to carry the item in stock. The stock is received three working days after an order is placed. Assume 250 working days in a year and no backordering. What is the total inventory cost at EOQ? 775 1500 1775 500 1225

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