The next three questions are based on the following information. A grocery store needs to sell 3,000 cartons of 2L 2% milk per month. The sales is relatively constant throughout the month. The owner of this grocery store purchases milk from a supplier 50 miles away for $2 per carton, and it takes a day to restock. The holding cost per carton per month is $1.5, and the ordering cost per order is about $18.5 including labor, gas and depreciation. Consider a month of 30 days.

Question 1 of 3

5.0 Points

The optimal order quantity is about ________cartons of milk, and the average inventory is about_________ cartons. (Please round to the closest integer and include no units.) Mark for Review What's This?

Question 2 of 3

5.0 Points

Given the optimal order quantity calculated above, if the average inventory is 136 cartons, then the monthly holding cost is__________ dollars, and the total cost including the cost of supply or the total unit cost for all units, holding and ordering___________ is dollars. (Please round to two decimal points and include no units.) Mark for Review What's This?

Question 3 of 3

3.0 Points

The reorder point is ________ cartons. (Please only enter an integer and include no units.) Mark for Review What's This?