What is the annual ordering cost of cheese inventory

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Reference no: EM132809144

Cheeseburger and Taco Company purchases 14,978 boxes of cheese each year. It costs $12 to place and ship each order and $7.29 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.

Problem 1: What is the annual ordering cost of cheese inventory?

Reference no: EM132809144

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