Question: Determine the inventory ordering costs for Phelan Co. based on the following information: Annual demand 60,000 units Order quantity 600 units Cost to place an

Determine the inventory ordering costs for Phelan Co. based on the following information: Annual demand 60,000 units Order quantity 600 units Cost to place an order $75 Cost of carrying inventory $15 Purchase price $25.00 per unit

A. $9,000 B. $18,260 C. $82,500 D. $7,500

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