A service garage uses 120 boxes of cleaning cloths per year, Operation Management

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A service garage uses 120 boxes of cleaning cloths per year

A service garage uses 120 boxes of cleaning cloths per year. The boxes cost $6/each. Ordering costs are $3/order. Holding cost is 10% of the purchase price per unit per year. What is the total cost (TC) to the garage for purchsing this item annually (2 decimal places)? Use EOQ rounded to the nearest whole number.

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