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Determine the ordering cost and the average inventory level

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Reference no: EM132733251

Marta Ramirez runs a medium-to-large-sized home eBay business dealing in vintage photographs. The annual demand for her photos is approximately 50,000. The annual overhead cost (excluding the purchase price) to buy the photographs is $4000 per year which represents the optimal annual ordering. Also, the optimal ordering quantity is 400 photographs at a time.

Problem a. Determine the ordering cost and the average inventory level.

Reference no: EM132733251

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