Question: Given, annual demand = 5000 units, and EOQ = 500, holding cost = $5.0/unit/year, ordering cost = $320 per order. What is the Annual Total

Given, annual demand = 5000 units, and EOQ = 500, holding cost = $5.0/unit/year, ordering cost = $320 per order. What is the Annual Total Cost? Hint: Annual Total Cost (TC) = Annual Holding Cost + Annual Ordering Cost

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