The following details relate to materials used by Ohiahyeda manufacturing enterprise to produce its product. Normal consumption   4,000 Normal delivery period  5years Maximum consumption  5,000 Minimum delivery period  3years The firm uses 400units per week for its production. The current unit cost of the material is GHȼ 40, the cost of ordering is GHȼ15 and the holding costs are estimated at 6% of material value per year. Required Calculate i. Maximum stock level ii. Minimum stock level iii. Average stock level

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