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What is the annual ordering cost of cheese inventory

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Reference no: EM132513539

Cheeseburger and Taco Company purchases 13,962 boxes of cheese each year. It costs $24 to place and ship each order and $8.71 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 ordering cost of cheese inventory.

Round the answer to two decimals.

Reference no: EM132513539

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