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A produce distributor uses 7 7 8 packing crates a month, which it purchases at a cost of $ 1 1 each. The manager has

A produce distributor uses 778 packing crates a month, which it purchases at a cost of $11 each. The manager has assigned an annual carrying cost of 38 percent of the purchase price per crate. Ordering costs are $26. Currently the manager orders once a month.

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