Cheeseburger and taco company purchases 17402 boxes of, Finance Basics

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Cheeseburger and taco company purchases 17402 boxes of

Question: Cheeseburger and Taco Company purchases 17,402 boxes of cheese each year. It costs $27 to place and ship each order and $6.48 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the annual ordering cost of cheese inventory. Round the answer to two decimals.

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Finance Basics: Cheeseburger and taco company purchases 17402 boxes of

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