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Question 3 (1 point) Calcium nitrate is purchased from a nearby supplier at $22.50 per ton. ABC Inc estimates it will need 5,750,000 tons of

Question 3 (1 point)

Calcium nitrate is purchased from a nearby supplier at $22.50 per ton. ABC Inc estimates it will need 5,750,000 tons of calcium nitrate next year. The annual carrying cost for this material is 40% of the acquisition cost, and the ordering cost is $530.

What is the average inventory?

Do not round your EOQ; round your average inventory answer to 2 decimal places.

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