XYZ Company has developed the following data from its Material A:

Safety stock - 280

Average (normally) daily use - 200

Maximum daily use - 240

Minimum daily use - 180

Economic order quantity - 1000

Cost of placing an order - $20

Working days per year - 250 days

Lead time - 6 days

Questions:

1. What is the cost of carrying an inventory per unit per year?

2. What is the average inventory?

3. What is the normal maximum inventory?

4. What is the absolute maximum inventory?

5. What is the reorder point?