Question: what is the total ordering cost for a year? Use the following information to answer questions 16-20. Items purchased from a vendor cost $250 each,

what is the total ordering cost for a year?

Use the following information to answer questions 16-20. Items purchased from a vendor cost $250 each, and the forecast for next year's demand is 2,000 units. The firm operates 52 weeks next year and lead time is 3 weeks. It costs $5 every time an order is placed for more units, and the storage cost is $2 per unit per year. Use the following information to answer questions 16-20. Items purchased from a vendor cost $250 each, and the forecast for next year's demand is 2,000 units. The firm operates 52 weeks next year and lead time is 3 weeks. It costs $5 every time an order is placed for more units, and the storage cost is $2 per unit per year. What is the total ordering cost for a year? 200

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