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What is the annual ordering cost of cheese inventory

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Reference no: EM133041125

Question - Super Cheese Company purchases 16,630 boxes of cheese each year. It costs $29 to place and ship each order and $8.30 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the annual ordering cost of cheese inventory? Round the answer to two decimals and use dollar sign and comma as appropriate.

Reference no: EM133041125

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