A product has an annual demand of 18,930 units. The unit price is $60 each and the ordering cost is $93. The store uses a yearly inventory holding cost of 34% of the unit price. They have decided to order 38 units every time they order, instead of the EOQ amount. What is the total annual cost of purchasing 38 units per order (purchasing, ordering, and holding)
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A product has an annual demand of 18,930 units. The unit price is $60 each and the ordering cost is...
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