Inventory management costs of post card inventory

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Reference no: EM131987770

Post Card Depot, an large retailer of post cards, orders 5,246,640 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 11 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.25 per post card per year. The ordering cost is $500 per order. What is the annual total inventory management costs of post card inventory? (Round the answer to two decimal places).

Reference no: EM131987770

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