Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit
1/1 Beginning Inventory 200 $140
6/5 Purchase 400 $160
11/10 Purchase 100 $200
During the year, Maxim sold 400 units. What is cost of goods sold using the average cost method?
a. $50,000.
b. $64,000.
c. $62,000.
d. $48,000.

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Describe three scenarios in which you might utilize mathematics to investigate a crime scene, accident scene, or to make decisions involving police practice. be sure to explain how math is used in police as they work through each scenario.

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?