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What is the annual total inventory management costs

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Reference no: EM132571025

Post Card Depot, an large retailer of post cards, orders 7,438,799 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 10 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.13 per post card per year. The ordering cost is $323 per order.

Question 1: What is the annual total inventory management costs of post card inventory? (Round the answer to two decimal places).

Reference no: EM132571025

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