(Answered) Joes bar uses 800 kegs of adult beverages per year on a

Finance

Joe's Bar uses 800 kegs of adult beverages per year on a continuous basis (assume 365 days of operations per year). The order cost is $60.00 per order and the carrying cost is $3.00 per unit. It takes 5 days to receive a shipment after an order has been placed (Joe believes in JIT inventory methods - in other words- assume no safety stock).

a. Calculate the EOQ , formula used please

b. Determine the average level of inventory (formula used please)

c. Determine the reorder point (Formula used)

d. Compute the Total Cost of Inventory (Formula used please)

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