Question: first assignment is to evaluate the cost of the current inventory policy for one of their most popular shirts based on the following information. Demand

first assignment is to evaluate the cost of the

first assignment is to evaluate the cost of the current inventory policy for one of their most popular shirts based on the following information. Demand = 250,000 units/year, Ordering Costs = $450/order, Purchase Cost = $17.50/ unit, Annual Holding Cost = 20% of cost, EOQ = 8,018 shirts. What is the total annual cost (annual ordering cost + annual setup cost) for inventory management? Select the closest number. - O $24,003 $14.997 $28,062 0 $42,094

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