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What is the total annual inventory cost

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Question - A small manufacturer of mountain bikes located in Denver, Colorado, buys tires from a supplier in China.  There is a monthly demand of 200 tires.  The cost of placing an order is $200 and the holding cost is $24 per tire per year. 

If the purchase price is $45 per tire and the economic order quantity is used, what is the total annual inventory cost?

Reference no: EM132677414

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