Question: A company that assembles computers buys 4939 components each year at a cost of $26/unit. The ordering cost is $24 and the annual unit storage

A company that assembles computers buys 4939 components each year at a cost of $26/unit. The ordering cost is $24 and the annual unit storage cost is 17% of the purchase price.

Knowing that the economic quantity to order is 232 components, calculate the total cost of inventory management. Round your answer to two decimal places and do not put units or calculations, only your numerical answer.

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