What is the total inventory cost at the eoq level

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Michaels Mechanical sells 6,000 jettison machines annually. Each machine costs michaels $2,000 to purchase, inventory carrying costs are 45 percent of the purchase price, and the cost of placing an order with its supplier is $120. (a) What is the EOQ? (b) What is the total inventory cost at the EOQ level?

Reference no: EM132288748

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