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Total annual inventory-related costs

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Reference no: EM131261216

A product has demand of 1,301 units per year. Ordering cost is $113 and holding cost is $9.79 per unit per year. The EOQ model is appropriate. The EOQ (optimal order quantity, Q) solution for this product will cost about _____ per year in total annual inventory-related costs (holding plus ordering). (round to the nearest dollar)

Reference no: EM131261216

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