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Calculate the total annual inventory cost

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Reference no: EM131889310

Question: A store has an annual demand for 2800 bicycles. The cost of purchase for each bicycle is $535. The ordering cost is estimated to be $141 and holding cost rate is 33% of unit cost. Order lead time is 12 days and the store is operating 365 days a year.

Calculate the Total Annual Inventory Cost using the information provided above.

Reference no: EM131889310

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