Question: Peek, Inc. has calculated its economic order quantity at 500 units when its annual demand is 3,125 units. The cost to place an order is

Peek, Inc. has calculated its at 500 units when its annual demand is 3,125 units. The cost to place an order is $ 10 and the cost to carry one unit in inventory is $ 0.25. What is the total ordering plus carrying cost for the year?

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