Question: Please help asap, how much money on average does the bakery spend on shipping a year? please show work according to problem A bakery uses
A bakery uses the EOQ model to manage the inventory of flour. The EOQ is chosen at 60 lbs Each month. 25 bags of four are consumed by the bakery at a constant rate (1 year - 12 months) Each time the bakery replenishes the inventory of the flour, a $20 fixed shipping fee is charged by its supplier On average, how much money does the bakery spend on shipping each year? (Report an Integer in your answer) (Dificulty Level - Hard)
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