Question: a bakery uses the eoq model to manage the inventory of flour. the eoq is chosen at 60 lbs. each month, 25 bags of flour

a bakery uses the eoq model to manage the inventory of flour. the eoq is chosen at 60 lbs. 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 oney does the bakerry spend on shipping each year?

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