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Refer to Fig. 8. Suppose that the ordering cost for each delivery of dried cherries is $50, and it costs $7 to carry 1 pound

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Refer to Fig. 8. Suppose that the ordering cost for each delivery of dried cherries is $50, and it costs $7 to carry 1 pound of dried cherries in inventory for 1 year. What is the inventory cost (carrying cost plus ordering cost) if carrying costs are computed on the average inventory during the order-reorder period? What is the inventory cost if carrying costs are computed on the maximum inventory during the order reorder period

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