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What is the annual total inventory management cost

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Question - Books Depot, a large retailer of books, orders 7,212,857 books per year from its manufacturer. Books Depot plans on ordering books 24 times over the next year. Books Depot receives the same number of books each time it orders. The carrying cost is $0.06 per book per year. The ordering cost is $455 per order. What is the annual total inventory management cost of book inventory?

Reference no: EM133049249

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