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A automotive supply store purchases cases of motor oil from a supplier who charges the store $80 per order and $35 per case. Each case
A automotive supply store purchases cases of motor oil from a supplier who charges the store $80 per order and $35 per case. Each case contains 12 quarts of oil. Demand at the store for the oil is 700 quarts per month. The stores annual holding cost percentage is 30%. If the store uses the economic order quantity when placing orders, what will be its annual ordering and holding cost per case (round the EOQ and total cost to the nearest dollar)?
A. $3,284
B. $1,625
C. $7,065
D. $1,084
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