Consider the data on Inventory of Widgets Over a 10-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 20 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the cost of holding inventory amounts to $10 per widget per day, what are the total inventory costs during the 10-day period?
a. $805
b. $1,150
c. $7
d. $122
b. $1,150
Business
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