Use the following data set to answer questions 86-100. $$\begin{array}{l}
\text { Inventory of Widgets Dver a 10-Day Period }\
\begin{array} { | l | l | l | l | l | l | l | }
\hline \text { Day } & \begin{array} { l }
\text { Supply } \
\text { Received }
\end{array} & \begin{array} { l }
\text { Beginning } \
\text { lnventory }
\end{array} & \text { Demand } & \begin{array} { l }
\text { Ending } \
\text { Inventory }
\end{array} & \begin{array} { l }
\text { Order } \
\text { Placed }
\end{array} & \begin{array} { l }
\text { Lead } \
\text { Time }
\end{array} \
\hline 1 & & 30 & 8 & 22 & \text { NO } & \
\hline 2 & & 22 & 5 & 17 & \text { NO } & \
\hline 3 & & 17 & 6 & 11 & \text { YES } & 1 \
\hline 4 & & 11 & 8 & 3 & \text { NO } & \
\hline 5 & 20 & 23 & 7 & 16 & \text { NO } & \
\hline 6 & & 16 & 7 & 9 & \text { YES } & 1 \
\hline 7 & & 9 & 6 & 3 & \text { YES } & \
\hline 8 & 20 & 23 & 6 & 17 & \text { NO } & \
\hline 9 & & 17 & 5 & 12 & \text { YES } & 1 \
\hline 10 & & 12 & 7 & 5 & \text { NO } & \
\hline
\end{array}
\end{array}$$
-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 $7 per widget per day,what are the total inventory costs during the 10-day period?
A)$805
B)$115
C)$7
D)$122

Question

Use the following data set to answer questions 86-100. $$\begin{array}{l}
\text { Inventory of Widgets Dver a 10-Day Period }\
\begin{array} { | l | l | l | l | l | l | l | } 
\hline \text { Day } & \begin{array} { l } 
\text { Supply } \
\text { Received }
\end{array} & \begin{array} { l } 
\text { Beginning } \
\text { lnventory }
\end{array} & \text { Demand } & \begin{array} { l } 
\text { Ending } \
\text { Inventory }
\end{array} & \begin{array} { l } 
\text { Order } \
\text { Placed }
\end{array} & \begin{array} { l } 
\text { Lead } \
\text { Time }
\end{array} \
\hline 1 & & 30 & 8 & 22 & \text { NO } & \
\hline 2 & & 22 & 5 & 17 & \text { NO } & \
\hline 3 & & 17 & 6 & 11 & \text { YES } & 1 \
\hline 4 & & 11 & 8 & 3 & \text { NO } & \
\hline 5 & 20 & 23 & 7 & 16 & \text { NO } & \
\hline 6 & & 16 & 7 & 9 & \text { YES } & 1 \
\hline 7 & & 9 & 6 & 3 & \text { YES } & \
\hline 8 & 20 & 23 & 6 & 17 & \text { NO } & \
\hline 9 & & 17 & 5 & 12 & \text { YES } & 1 \
\hline 10 & & 12 & 7 & 5 & \text { NO } & \
\hline
\end{array}
\end{array}$$
-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 $7 per widget per day,what are the total inventory costs during the 10-day period?
A)$805
B)$115
C)$7
D)$122

Quizplus · Accepted Answer

To calculate the total inventory costs during the 10-day period, we need to sum the costs of holding inventory each day. The cost of holding inventory is $7 per widget per day. We calculate the cost for each day based on the ending inventory and then sum these costs.- Day 1: 22 widgets * $7 = $154- Day 2: 17 widgets * $7 = $119- Day 3: 11 widgets * $7 = $77- Day 4: 3 widgets * $7 = $21- Day 5: 16 widgets * $7 = $112- Day 6: 9 widgets * $7 = $63- Day 7: 3 widgets * $7 = $21- Day 8: 17 widgets * $7 = $119- Day 9: 12 widgets * $7 = $84- Day 10: 5 widgets * $7 = $35Total inventory costs = $154 + $119 + $77 + $21 + $112 + $63 + $21 + $119 + $84 + $35 = $805

Use the Following Data Set to Answer Questions 86-100 -Consider the Data on Inventory of Widgets Over a 10-Day