ABC Co. has an average inventory of 750. The carrying cost per item is
ABC Co. has an average inventory of 750. The carrying cost per item is 1.25, the ordering cost is $18 per order, and they make 28 orders per year. What is the total carrying cost for ABC Co?
A) $504
B) $937.50
C) $1,166.67
D) $844.50
E) $492.65
ANSWER
B
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