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Determine what is the annual total inventory management cost

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Cheeseburger and Taco Company purchases 15,717 boxes of cheese each year. It costs $13 to place and ship each order and $9.14 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.

Question 1: What is the annual total inventory management costs of cheese inventory. Round the answer to two decimals.

Reference no: EM132573261

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