Question: ABC Inc. uses the EOQ model to manage the inventory of a SKU for sales to customers. The business setting satisfies all assumptions for the

ABC Inc. uses the EOQ model to manage the

ABC Inc. uses the EOQ model to manage the inventory of a SKU for sales to customers. The business setting satisfies all assumptions for the EOQ model. ABC correctly calculates the EOQ to be 50 units and set the order quantity Q to be EOQ=50. The corresponding annual total (sum of) costs for ordering and holding cycle inventory is known to be $ 1,200. Please answer the following question: ABC's annual total costs for holding cycle inventory = $ ____ (Please report your answer with two decimal places.) (Hint: The problem statement deliberately gives only incomplete information of the parameters of ABC's inventory model. Please utilize a property of the EOQ model to answer this question.) $1500 $1200 $750 $600 $500 $300 $30 $24

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