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A company that markets hypodermic needles to hospitals. The company purchases the needles from a supplier for $2.00 per needle. The annual demand is 17,516
A company that markets hypodermic needles to hospitals. The company purchases the needles from a supplier for $2.00 per needle. The annual demand is 17,516 needles. The annual setup (or ordering) cost is $63.3 per order and the inventory holding cost per unit per year is $9.41. The company operates 310 days a year. Calculate the annual purchase cost for the company? Use at least 4 decimal places
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