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A company usually holds 180 pounds of wax in its warehouse. The company uses 47 pounds of wax per day and it takes 5

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A company usually holds 180 pounds of wax in its warehouse. The company uses 47 pounds of wax per day and it takes 5 days for wax purchased from the supplier to arrive. The holding cost for wax is $0.76 per pound per day. What is the company's average holding cost (per pound for wax)? Note: Round your answer to 2 decimal places. Average holding cost per unit S 17.86

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