Toystop Inc. manufactures toys for kids. Following is the data pertaining to one of its parts being used assembly of a s

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Toystop Inc. manufactures toys for kids. Following is the datapertaining to one of its parts being used assembly of a specifictoy.
in
Working days per year 300
Normal use per day 550 units
Maximum use per day 600 units
Minimum use per day 150 units
Lead Time 5 days
Variable cost of placing one order (Ordering Cost per order)1,200
Variable Carrying (Storage) cost per unit per year 350
Required:
Calculate the following from the data given above:
Maximum Level of Inventory
Minimum Level of Inventory
Average Level of inventory assuming normal lead time andnormal usage.