The total annual inventory cost at this quantity is 1200, Operation Management

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The total annual inventory cost at this quantity is 1200

Suppose a firm has been ordering a certain product 300 units at a time, that is, the EOQ* = 300 units. The assumptions of the EOQ model are met reasonably well. The total annual inventory cost at this quantity is $1,200. What is the inventory holding cost for this item? Show your work.

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Operation Management: The total annual inventory cost at this quantity is 1200

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Operation Management: The total annual inventory cost at this quantity is 1200

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