Estimation of annual inventory carrying cost

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Reference no: EM13103851

Excelsior's proiducts average inventory is valued at $500,000. Inventory is ordered 52 times per yearat a reordering cost of $700/per order. THe cost of carrying inventory is 20%. What is Excelsiors annual inventory carrying cost?
A. $100,000
B. cannot be determined
C. $136,000
D. $36,400

Reference no: EM13103851

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