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A wine shop sells 300 bottles of a speciality wine each month. The speciality wine is purchased from a winery in France, which charges the
A wine shop sells 300 bottles of a speciality wine each month. The speciality wine is purchased from a winery in France, which charges the wine shop $19 per bottle and an ordering cost of $125 per order. The wine shop's annual inventory holding cost percentage is 40%. If the wine shop's places 5 orders per year, then what is its annual cost of ordering and holding inventory
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