Question: Piddling Manufacturing assembles security monitors. It purchases 3,600 back-and-white cathode ray tubes a year at $65 each. Ordering costs are $31, and annual carrying/holding costs

Piddling Manufacturing assembles security monitors. It purchases 3,600 back-and-white cathode ray tubes a year at $65 each. Ordering costs are $31, and annual carrying/holding costs are 20 percent of the purchase price. Compute the optimal quantity and the total annual cost of ordering and carrying inventory.

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