Problem 11-36 (Static) Palin's Muffler Shop has one standard muffler that fits a large variety of cars. The shop wishes to establish a periodic review system to manage inventory of this standard muffler. What is the purpose of the periodic review system?
1) To ensure that the shop always has enough standard mufflers in stock
2) To reduce the risk of stockouts and excess inventory
3) To determine the optimal order quantity for the standard muffler
4) To track the sales and demand patterns of the standard muffler
