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What is the annual carrying cost of cheese inventory

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Question - Best Cheese Company purchases 9,994 boxes of cheese each year. It costs $20 to place and ship each order and $8.55 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the annual carrying cost of cheese inventory? Round the answer to two decimals and use comma and dollar sign as appropriate.

Reference no: EM133026709

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