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Lila Battle has determined that the annual demand for number 6 screws is 112421 screws. Lila, who works in her brothers hardware store, is in
Lila Battle has determined that the annual demand for number 6 screws is 112421 screws. Lila, who works in her brothers hardware store, is in charge of purchasing. She estimates that it costs K200 every time an order is placed. This cost includes her wages, the cost of the forms used in placing the order, and so on. Furthermore, she estimates that the cost of carrying one screw in inventory for a year is k23. Assume that the demand is constant throughout the year. (a) What would the total relevant inventory cost
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