Question: The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total annual inventory holding plus ordering costs?

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