Determine the total annual ordering and holding costs

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Demand for iPad Pro at Best Buy is 12,000 units per year. Best Buy incurs an ordering cost of $4,000 and the retailer has an annual holding cost of $470 per unit. Each iPad Pro costs Best Buy $1,000. Determine the total annual ordering and holding costs. (Enter your response to the nearest whole number.)

Reference no: EM132677107

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