Question: A bakery uses the EOQ model to manage the inventory of flour. The EOQ is chosen at 8 0 l b s . Each month,

A bakery uses the EOQ model to manage the inventory of flour. The EOQ is chosen at 80lbs. Each month, 25 bags of flour are consumed by the bakery at a constant rate. (1 year =12 months) Each time the bakery replenishes the inventory of the flour, a $20 fixed shipping fee is 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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 A bakery uses the EOQ model to manage the inventory of

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