Scenario 9.9 "Gollee those cats sure go through a lot of food," Geoff exclaimed as he saw the shopping list pad that had

[answerhappygod]

Scenario 9.9 "Gollee those cats sure go through a lot of food,"
Geoff exclaimed as he saw the shopping list pad that had been
pre-printed with the words "cat food" at the top. He pondered a
different approach to shopping for the furry little darlings,
reviewed his shopping records, and discovered the following. The
price of cat food has held steady at 89 cents per can. Despite
feigning indifference, each of the seven cats nibbles their way
through an average of one can per day, three hundred sixty five
days a year. The price of gasoline has held constant at $3.50 per
gallon and his pickup uses a gallon each way to the cat food store.
The cost to hold a can of cat food is 10% of the unit price. Use
the information in Scenario 9.9 to determine the combined cost of
goods and inventory if Geoff decides to follow the economic order
quantity model?
$2,415
$2,218
$2,330
$2,274