cheeseburger and Taco Company purchases 5,151 boxes of cheese each year. It costs $22 to...
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cheeseburger and Taco Company purchases 5,151 boxes of cheese each year. It costs $22 to place and ship each order and $5.92 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 the post card inventory. Round the answer to two decimals. ***Please provide the formula and show how to calculate the problem step by step.
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