In an inventory control system, the annual demand is 12,000 units; the ordering cost is $30 per

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In an inventory control system, the annual demand is 12,000 units; the ordering cost is $30 per order and the inventory holding cost is $3.00 per unit per year. The order quantity is 1000 units and the cost per unit of the item is $150? What is the total cost (TC) per year? TC includes the inventory holding cost, ordering cost, and the cost of the item.

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