Question: 1 1 5 pointsm AA bakery uses the EOQ model to manage the inventory of flour. The EOQ is chosen at 8 0 lbs .

115 pointsm AA bakery uses the EOQ model to manage the inventory of flour. The EOQ is chosen at 80 lbs. Each month, 25 bags of flour are consumedby the bakery at a constant rate. (1 year =12 months) Each time the bakery replenishes the inventory of the flour, a $20 fixed shipping feeis charged by its supplier.On average, how much money does the bakery spend on shipping each year? (Report an integer in your answer) Difficulty Level - Hard

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