Question 15 (1 point) Bonus Question. Item X is a standard item stocked in a...
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Question 15 (1 point) Bonus Question. Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2,000 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $5 per unit of average inventory. Every time an order is placed for more item X, it costs $10. What is the annual cost for storing item X? (Round your answer to 2 decimal places) $224.50 $226,50 $220.50 $222.50 kint for
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