A food processor uses approximately 29,730 glass jars a month for its fruit juice product. Because of storage limitations, a lot size of 4,000 jars has been used. Monthly holding cost is 18 cents per jar, and reordering cost is $60 per order. The company operates an average of 20 days a month.
What monthly penalty is the company incurring by its present order size? Round your intermediate order quantity to nearest whole number and final answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.