ABC company is attempting to minimize total inventory cost. The cost of each unit is $2.25. The cost of capital is 15% and the physical cost of maintaining this inventory is currently running at 7%. The purchasing officer can place an order in 25 minutes with materials and overhead cost of $7.50 per order. The purchase officer is currently paid $18.00 per hour. Records show, average weekly sales to be 12,000 units. What is the minimum TIC?

A.

$2984

B.

$3044

C.

$3004

D.

$3024