What is the total inventory cost at the eoq level

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Michael’s Mechanical sells 8,000 jettison machines annually. Each machine costs Michael’s $3,000 to purchase, inventory carrying costs are 55 percent of the purchase price, and the cost of placing an order with its supplier is $130. a. What is the EOQ? b. What is the total inventory cost at the EOQ level?

Reference no: EM131543715

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