Joes bar not its real name uses 800 kegs of adult beverages, Ask an Expert

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Joe's Bar (not its real name) uses 800 kegs of adult beverages per year on a continuous basis (assume 365 days of operations per year). The order cost is $50.00 per order and the carrying cost is $2.00 per unit. It takes 5 days to receive a shipment after an order has been placed (old Joe took this TQM course so he now believes in JIT inventory methods - in other words- assume no safety stock). I need you to calculate four things (and again I need to see your work including a formula if needed) a. Calculate the EOQ b. Determine the average level of inventory c. Determine the reorder point d. Compute the Total Cost of Inventory (another formula needed)

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Financial Management, Finance

Category:- Financial Management
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